CECBank, the only state-owned top bank, in the first nine months ofthis year reached an 89m RON gross income (the equivalent of 21.3meuros), up 62% from a year ago.
The third quarter income stood at 25m RON after in April-Juneperiod gross income had amounted to 49m RON, according to the datapublished by the bank.
The bank's total assets in late September came to 19bn RON (4.54bneuros), up 20% from the same period of last year. In parallel,granted loans rose by only 5%, to 9.54bn RON, amid the two-digitincrease in the volume of loans aimed at companies and thedeclining retail funding.
"The main focus of the bank was to identify those SME, agriculturaloperator and local public authority projects that could befinanced. Thus, 9.500 loans worth 1.36bn RON were granted in thefirst nine months," CEC representatives specified.
The portfolio of loans granted to companies and the publicadministration climbed by 23% in September from the same month of2009, to 4.66bn RON, with the fastest growth posted on thecorporate segment. Instead, on the retail segment, the loan volumehas shrunk by 7.5% in the past year, to 4.87bn RON, despite thebank's promotions on this segment.
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