CEC Bank
CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as CEC), is a state-owned Romanian banking institution.
| Company type | State-owned |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1 December 1864 |
| Founder | Alexandru Ioan Cuza Enric Winterhalder (first director) |
| Headquarters | , |
Area served | Romania |
Key people | Bogdan Neacșu – president |
| Products | Commercial banking, Investment banking, Private banking, Asset management |
| Revenue | 1.47 billion RON (298.7 mil. €) (2021) |
| RON 366.5 million (2021) | |
| Total assets | RON 750,000 (2015) |
| Website | www |
In 1990, shortly after the Romanian Revolution of 1989, CEC had a 32.9% share of the Romanian market for banking; by 2006 this had fallen to 4.03%. At the end of 2009, CEC Bank had 1,351 branches, more than 800 of which were in rural Romania, many with only one or two employees. As of August 2009, the bank had 2.7 million customers.
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