CEC Bank Group records 19% growth in net assets during 2024

Business Forum
CEC Bank Financial Group recorded a net profit of RON 687.9 million (€138 million), with the bank itself recording a net profit of RON 668.2 million (€134 million) over higher lending, according to preliminary results.

The group's net assets saw a substantial increase of 19% year-on-year to RON 99.33 billion (€19.8 billion). This growth was supported by a surge in lending activity, with new loans granted totaling RON 15.2 billion (€3 billion).

CEC Bank provided over 75,000 new loans in 2024. Lending to individuals for real estate and personal projects amounted to RON 3.4 billion (€682 million), up 70% compared to the previous year. Corporate clients received over RON 11.8 billion (€2.3billion) in new loans, with RON 4.0 billion (€803 million) allocated to new clients. 

The bank focused on supporting investment projects across key sectors, including agriculture, industry, trade, and construction.

Net interest income at the group level increased by approximately 30%, driven by the growth of interest income from loans and investments amid high market rates.

CEC Bank has also made strides in its digital transformation, with a tripling of customers accessing lending products online or through partially digital channels. 

The group's financial position is reflected in its total own funds ratio, which stood at 26.60% at the end of 2024, exceeding regulatory requirements. 

RECOMMENDED
Bucharest office developers resume construction activity
Real estate

Bucharest office developers resume construction activity

Office development activity in Bucharest accelerated over the past year, with the volume of projects currently under construction exceeding 200,000 sqm of gross leasable area, the highest level since 2021. At least eight new office buildings are expected to be delivered by the end of 2028, according to a report by Cushman & Wakefield Echinox.

BRD reports net profit hike of 6% in 2025
Finance

BRD reports net profit hike of 6% in 2025

BRD Groupe Société Générale reported strong commercial performance in 2025, with net loans outstanding growing 13% year-on-year to RON 56.1 billion(€11.01 billion).

RECOMMENDED FROM THE HOME PAGE
Economy

Romania passes key OECD tax evaluation milestone

Romania's Ministry of Finance has announced the adoption of a Formal Opinion by the Organisation for Economic Co-operation and Development (OECD) Committee on Fiscal Affairs, following the country's evaluation as part of its accession process to the OECD.

READ MORE
Business Forum  |  11 February, 2026 at 6:17 PM
Business Forum  |  11 February, 2026 at 5:06 PM