CEC profit exceeds ROL954bn after 11 months

Savings Bank (CEC) in the first eleven months of the year posted gross profits standing at 954.5 billion lei, more than double the profit registered over the entire last year, when it amounted to 455.1 billion lei.

The overall balance of population savings at the end of November amounted to 15,186.5 billion lei, posting an increase of 1,156.6 billion lei as compared to the previous month.

According to CEC data, the overall balance of attracted sources on the first eleven months of the year stood at 16,455 billion lei, while the overall balance of investments exceeded 18,551 billion lei.

CEC’s own funds amounted to 1,880.2 billion lei. In the assessed period, total revenues stood at 11,592.3 billion lei, while expenses were little more than 10,637 billion lei. CEC’s total assets on October 31 stood at 21,496.6 billion lei, as compared to 16,895.4 billion lei on December 31, 1999.