CEC Bank reports almost 433 ml lei in 2018 pre-tax profit, an 11-year best
Publicat:CEC Bank closed 2018 with a pre-tax profit of 432.97 million lei, the best financial result in the last 11 years, the bank said in a statement released on Monday.
Loans to legal entities were 13.1 pct up year-on-year, far above the banking system's overall performance, which was of just 6.8 pct, the cited source said.
CEC Bank's loans to individuals were also 7.3 pct higher in 2018 compared to the previous year.
The amount of new loans granted in 2018 advanced by about 5.34 pct to approximately 7 billion lei.
"However, the lending activity registered a much higher growth…
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