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CEC Bank active stock grew by 10% by mid year

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CEC Bank active stock was 36.1 billion lei by mid year, on the rise by 10% compared to the end of the year, the bank announced on Wednesday. Ionut Lianu, chief officer will ensure the management of CEC Bank active and passive stock. “Sources attracted from non banking clients exceeded 30 billion lei at the end of June, of which over 22 billion lei are amounts attracted from private persons. About 78% of sources attracted by the bank from clients are in the national currency,” a press release shows.Ionut Lianu received BNR approval to hold the position of Chief Officer Active and Passive Management in August 2020.

Founded in 1864, CEC Bank has the most extensive national network, with over 1,000 branches and territorial units and active stock of 36.1 billion lei at the end of June 2020. The Romanian state, through the Ministry of Public Finance, is the single shareholder of CEC Bank. This capital grew by 940 million lei în November 2019 following the accord with the European Commission.

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