CEC Bank raised its share capital by RON 69.5 mln by incorporating the 2007 profit

The last capital increase took place in 2006, when the Finance Ministry, as representative of the Romanian state, the bank’s single shareholder, upped CEC’s capital by RON 500 mln to RON 650 mln.

As of this year, CEC has opted not to pay dividends, but rather will reinvest the full profit to develop the bank’s activities. CEC Bank intends to increase its loan and deposit portfolios by 48 and 41 percent, respectively, for non-banking clients. (NewsIn)