Loading ...CEC Bank reported in Q1, 2009 a gross profit worth 19 million lei, namely about 4.5 million euros, daily Financiarul reports.
Gross profit reported by the bank in the first six months of 2009 is by 40.6 percent lower compared to the first half of last year, following the rise in provisions up to 51 percent, but the bank’s financial results have improved in the third quarter this year compared to the previous year.
The balance of CEC Bank credits grew by some 2.6 percent as against the level of 8.87 billion lei reported at mid-year. Late last year, CEC Bank reported a volume of loans worth 8.14 billion lei. The bank had at mid-year a network of 1,380 units, the most expanded in the country.
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