By Helgi Analytics - November 29, 2018
CEC Bank's mortgage loans reached RON 3,215 mil in 2016, up 17.0% compared to the previous year. Romanian banking sector provid...
By Helgi Analytics - May 29, 2018
CEC Bank made a net profit of RON 9.60 mil in 2016, down 12.7% compared to the previous year. This implies a return on equity of...
By Helgi Analytics - May 29, 2018
CEC Bank's non-performing loans reached 15.0% of total loans at the end of 2016, down from 21.5% compared to the previous year. ...
| Profit Statement | 2015 | 2016 | 2017 | |
| Net Interest Income | RON mil | 817 | 786 | ... |
| Net Fee Income | RON mil | 198 | 222 | ... |
| Other Income | RON mil | 106 | 104 | ... |
| Total Revenues | RON mil | 1,122 | 1,112 | ... |
| Staff Cost | RON mil | 348 | 357 | ... |
| Operating Profit | RON mil | 474 | 466 | ... |
| Provisions | RON mil | 459 | 451 | ... |
| Net Profit | RON mil | 11.0 | 9.60 | ... |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Interbank Loans | RON mil | 122 | 867 | ... |
| Customer Loans | RON mil | 13,415 | 14,591 | ... |
| Total Assets | RON mil | 27,508 | 28,163 | 31,651 |
| Shareholders' Equity | RON mil | 2,131 | 2,113 | ... |
| Interbank Borrowing | RON mil | 1,760 | 2,054 | ... |
| Customer Deposits | RON mil | 23,477 | 23,874 | ... |
| Issued Debt Securities | RON mil | 0 | 0 | ... |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 0.517 | 0.453 | ... |
| ROA | % | 0.040 | 0.034 | ... |
| Costs (As % Of Assets) | % | 2.33 | 2.32 | ... |
| Costs (As % Of Income) | % | 57.7 | 58.1 | ... |
| Capital Adequacy Ratio | % | 14.3 | 14.8 | 15.3 |
| Net Interest Margin | % | 2.95 | 2.82 | ... |
| Loans (As % Of Deposits) | % | 57.1 | 61.1 | ... |
| NPLs (As % Of Loans) | % | 21.5 | 15.0 | ... |
| Provisions (As % Of NPLs) | % | 51.2 | 41.6 | ... |
| Growth Rates | 2015 | 2016 | 2017 | |
| Total Revenue Growth | % | 0.950 | -0.838 | ... |
| Operating Cost Growth | % | -0.826 | -0.100 | ... |
| Operating Profit Growth | % | 3.48 | -1.84 | ... |
| Net Profit Growth | % | 42.3 | -12.7 | ... |
| Customer Loan Growth | % | 12.5 | 8.76 | ... |
| Total Asset Growth | % | -1.69 | 2.38 | 12.4 |
| Customer Deposit Growth | % | 0.402 | 1.69 | ... |
| Shareholders' Equity Growth | % | 0.359 | -0.835 | ... |
| Employees | 6,211 | 6,039 | ... | |
Get all company financials in excel:
| summary | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||
| Net Interest Income | RON mil | 917 | 863 | 777 | 817 | ... | |
| Total Revenues | RON mil | 1,093 | 1,118 | 1,111 | 1,122 | ... | |
| Operating Profit | RON mil | 450 | 466 | 459 | 474 | ... | |
| Net Profit | RON mil | 37.0 | 43.6 | 7.73 | 11.0 | ... | |
| balance sheet | |||||||
| Interbank Loans | RON mil | 15.9 | 761 | 976 | 122 | ... | |
| Customer Loans | RON mil | 10,824 | 10,960 | 11,928 | 13,415 | ... | |
| Debt Securities | RON mil | 12,721 | 8,891 | 9,067 | 9,296 | ... | |
| Total Assets | RON mil | 26,873 | 26,884 | 27,980 | 27,508 | ||
| Shareholders' Equity | RON mil | 2,013 | 2,064 | 2,123 | 2,131 | ... | |
| Interbank Borrowing | RON mil | 5,174 | 3,155 | 2,346 | 1,760 | ... | |
| Customer Deposits | RON mil | 19,576 | 21,551 | 23,383 | 23,477 | ... | |
| Issued Debt Securities | RON mil | 0 | 0 | 0 | 0 | ... | |
| ratios | |||||||
| ROE | % | 1.84 | 2.14 | 0.369 | 0.517 | ... | |
| ROA | % | 0.138 | 0.162 | 0.028 | 0.040 | ... | |
| Costs (As % Of Assets) | % | 2.39 | 2.42 | 2.38 | 2.33 | ... | |
| Costs (As % Of Income) | % | 58.9 | 58.3 | 58.7 | 57.7 | ... | |
| Capital Adequacy Ratio | % | 15.9 | 13.1 | 13.1 | 14.3 | ||
| Net Interest Margin | % | 3.41 | 3.21 | 2.83 | 2.95 | ... | |
| Interest Income (As % Of Revenues) | % | 83.9 | 77.1 | 69.9 | 72.9 | ... | |
| Fee Income (As % Of Revenues) | % | 6.76 | 12.1 | 16.9 | 17.6 | ... | |
| Staff Cost (As % Of Total Cost) | % | 54.6 | 55.6 | 54.5 | 53.8 | ... | |
| Equity (As % Of Assets) | % | 7.49 | 7.68 | 7.59 | 7.75 | ... | |
| Loans (As % Of Deposits) | % | 55.3 | 50.9 | 51.0 | 57.1 | ... | |
| Loans (As % Assets) | % | 40.3 | 40.8 | 42.6 | 48.8 | ... | |
| NPLs (As % Of Loans) | % | 30.5 | 31.0 | 26.8 | 21.5 | ... | |
| Provisions (As % Of NPLs) | % | 40.4 | 44.5 | 43.1 | 51.2 | ... |
| income statement | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | |||||||
| Interest Income | RON mil | 2,068 | 1,638 | 1,312 | 1,115 | ... | |
| Interest Cost | RON mil | 1,151 | 775 | 534 | 297 | ... | |
| Net Interest Income | RON mil | 917 | 863 | 777 | 817 | ... | |
| Net Fee Income | RON mil | 73.8 | 135 | 188 | 198 | ... | |
| Other Income | RON mil | 102 | 120 | 146 | 106 | ... | |
| Total Revenues | RON mil | 1,093 | 1,118 | 1,111 | 1,122 | ... | |
| Staff Cost | RON mil | 351 | 362 | 356 | 348 | ... | |
| Depreciation | RON mil | 54.4 | 51.9 | 56.4 | 51.9 | ... | |
| Other Cost | RON mil | 237 | 238 | 240 | 247 | ... | |
| Operating Cost | RON mil | 643 | 652 | 653 | 647 | ... | |
| Operating Profit | RON mil | 450 | 466 | 459 | 474 | ... | |
| Provisions | RON mil | 416 | 415 | 445 | 459 | ... | |
| Extra and Other Cost | RON mil | < 0.001 | < 0.001 | < -0.001 | < -0.001 | ... | |
| Pre-Tax Profit | RON mil | 33.5 | 51.9 | 13.8 | 15.6 | ||
| Tax | RON mil | -3.44 | 8.30 | 6.06 | 4.64 | ... | |
| Minorities | RON mil | 0 | 0 | 0 | 0 | ... | |
| Net Profit | RON mil | 37.0 | 43.6 | 7.73 | 11.0 | ... | |
| growth rates | |||||||
| Net Interest Income Growth | % | ... | -5.89 | -9.91 | 5.17 | ... | |
| Net Fee Income Growth | % | ... | 83.2 | 38.9 | 5.42 | ... | |
| Total Revenue Growth | % | ... | 2.35 | -0.636 | 0.950 | ... | |
| Operating Cost Growth | % | ... | 1.36 | 0.122 | -0.826 | ... | |
| Operating Profit Growth | % | ... | 3.75 | -1.70 | 3.48 | ... | |
| Pre-Tax Profit Growth | % | ... | 54.9 | -73.4 | 13.4 | ||
| Net Profit Growth | % | ... | 18.0 | -82.3 | 42.3 | ... | |
| market share | |||||||
| Market Share in Employees | % | 10.6 | 11.0 | 10.9 | 11.1 | ... | |
| Market Share in Branches | % | 19.7 | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | |||||||
| Cash | RON mil | 2,438 | 5,428 | 5,205 | 3,882 | ... | |
| Interbank Loans | RON mil | 15.9 | 761 | 976 | 122 | ... | |
| Customer Loans | RON mil | 10,824 | 10,960 | 11,928 | 13,415 | ... | |
| Retail Loans | RON mil | 4,497 | 4,195 | 4,252 | 4,660 | ... | |
| Mortgage Loans | RON mil | 641 | 1,247 | 1,889 | 2,746 | ... | |
| Consumer Loans | RON mil | 3,856 | 2,948 | 2,362 | 1,914 | ... | |
| Corporate Loans | RON mil | 7,846 | 8,517 | 9,235 | 10,415 | ... | |
| Debt Securities | RON mil | 12,721 | 8,891 | 9,067 | 9,296 | ... | |
| Fixed Assets | RON mil | 822 | 712 | 677 | 675 | ... | |
| Total Assets | RON mil | 26,873 | 26,884 | 27,980 | 27,508 | ||
| Shareholders' Equity | RON mil | 2,013 | 2,064 | 2,123 | 2,131 | ... | |
| Of Which Minority Interest | RON mil | 0 | 0 | 0 | 0 | ... | |
| Liabilities | RON mil | 24,860 | 24,820 | 25,857 | 25,377 | ... | |
| Interbank Borrowing | RON mil | 5,174 | 3,155 | 2,346 | 1,760 | ... | |
| Customer Deposits | RON mil | 19,576 | 21,551 | 23,383 | 23,477 | ... | |
| Retail Deposits | RON mil | 15,517 | 17,354 | 18,171 | 18,050 | ... | |
| Corporate Deposits | RON mil | 4,058 | 4,197 | 5,213 | 5,428 | ... | |
| Sight Deposits | RON mil | 1,588 | 1,962 | 2,341 | 2,842 | ... | |
| Term Deposits | RON mil | 17,987 | 19,589 | 21,043 | 20,635 | ... | |
| Issued Debt Securities | RON mil | 0 | 0 | 0 | 0 | ... | |
| Other Liabilities | RON mil | 111 | 114 | 128 | 139 | ... | |
| asset quality | |||||||
| Non-Performing Loans | RON mil | 3,762 | 3,935 | 3,616 | 3,245 | ... | |
| Gross Loans | RON mil | 12,343 | 12,712 | 13,487 | 15,076 | ... | |
| Total Provisions | RON mil | 1,519 | 1,752 | 1,559 | 1,660 | ... | |
| growth rates | |||||||
| Customer Loan Growth | % | ... | 1.26 | 8.83 | 12.5 | ... | |
| Retail Loan Growth | % | ... | -6.71 | 1.35 | 9.61 | ... | |
| Mortgage Loan Growth | % | ... | 94.4 | 51.6 | 45.4 | ... | |
| Consumer Loan Growth | % | ... | -23.5 | -19.9 | -19.0 | ... | |
| Corporate Loan Growth | % | ... | 8.56 | 8.43 | 12.8 | ... | |
| Total Asset Growth | % | ... | 0.041 | 4.08 | -1.69 | ||
| Shareholders' Equity Growth | % | ... | 2.54 | 2.87 | 0.359 | ... | |
| Customer Deposit Growth | % | ... | 10.1 | 8.50 | 0.402 | ... | |
| Retail Deposit Growth | % | ... | 11.8 | 4.71 | -0.666 | ... | |
| Corporate Deposit Growth | % | ... | 3.41 | 24.2 | 4.12 | ... | |
| market share | |||||||
| Market Share in Customer Loans | % | 4.79 | 5.02 | 5.65 | 6.17 | ... | |
| Market Share in Corporate Loans | % | 6.60 | 7.58 | 8.76 | 9.94 | ... | |
| Market Share in Retail Loans | % | 5.72 | 4.72 | 4.11 | 3.42 | ... | |
| Market Share in Consumer Loans | % | 4.30 | 4.06 | 4.16 | 4.32 | ... | |
| Market Share in Mortgage Loans | % | 1.73 | 3.05 | 4.24 | 5.29 | ... | |
| Market Share in Total Assets | % | 7.35 | 7.42 | 7.68 | 7.29 | ||
| Market Share in Customer Deposits | % | 9.92 | 9.99 | 10.0 | 9.26 | ... | |
| Market Share in Retail Deposits | % | 12.7 | 13.4 | 13.2 | 12.3 | ... | |
| Market Share in Corporate Deposits | % | 6.63 | 5.93 | 6.48 | 5.94 | ... |
| ratios | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| ratios | |||||||
| ROE | % | 1.84 | 2.14 | 0.369 | 0.517 | ... | |
| ROA | % | 0.138 | 0.162 | 0.028 | 0.040 | ... | |
| Costs (As % Of Assets) | % | 2.39 | 2.42 | 2.38 | 2.33 | ... | |
| Costs (As % Of Income) | % | 58.9 | 58.3 | 58.7 | 57.7 | ... | |
| Capital Adequacy Ratio | % | 15.9 | 13.1 | 13.1 | 14.3 | ||
| Net Interest Margin | % | 3.41 | 3.21 | 2.83 | 2.95 | ... | |
| Interest Spread | % | ... | 2.97 | 2.67 | 2.86 | ... | |
| Asset Yield | % | 7.69 | 6.09 | 4.78 | 4.02 | ... | |
| Cost Of Liabilities | % | ... | 3.12 | 2.11 | 1.16 | ... | |
| Interest Income (As % Of Revenues) | % | 83.9 | 77.1 | 69.9 | 72.9 | ... | |
| Fee Income (As % Of Revenues) | % | 6.76 | 12.1 | 16.9 | 17.6 | ... | |
| Other Income (As % Of Revenues) | % | 9.35 | 10.8 | 13.2 | 9.48 | ... | |
| Cost Per Employee | USD per month | 1,288 | 1,405 | 1,354 | 1,191 | ... | |
| Cost Per Employee (Local Currency) | RON per month | 4,470 | 4,677 | 4,700 | 4,675 | ... | |
| Staff Cost (As % Of Total Cost) | % | 54.6 | 55.6 | 54.5 | 53.8 | ... | |
| Equity (As % Of Assets) | % | 7.49 | 7.68 | 7.59 | 7.75 | ... | |
| Loans (As % Of Deposits) | % | 55.3 | 50.9 | 51.0 | 57.1 | ... | |
| Loans (As % Assets) | % | 40.3 | 40.8 | 42.6 | 48.8 | ... | |
| NPLs (As % Of Loans) | % | 30.5 | 31.0 | 26.8 | 21.5 | ... | |
| Provisions (As % Of NPLs) | % | 40.4 | 44.5 | 43.1 | 51.2 | ... | |
| Provisions (As % Of Loans) | % | 14.0 | 16.0 | 13.1 | 12.4 | ... | |
| Cost of Provisions (As % Of Loans) | % | 3.84 | 3.81 | 3.89 | 3.62 | ... |
| other data | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | |||||||
| Branches | 1,127 | 1,091 | 1,066 | 1,058 | |||
| Employees | 6,548 | 6,452 | 6,309 | 6,211 | ... | ||
| ATMs | ... | ... | ... | ... | ... | ||
| Sight (As % Of Customer Deposits) | % | 8.11 | 9.10 | 10.0 | 12.1 | ... |
Get all company financials in excel:
By Helgi Analytics - July 16, 2018
CEC Bank's customer loans reached RON 14,591 mil in 2016, up 8.76% compared to the previous year. Romanian banking sector provided customer loans of RON 220 bil in 2016, up 1.24% when compared to the last year. CEC Bank accounted for 6.63% of all customer...
By Helgi Analytics - July 16, 2018
CEC Bank's customer deposits reached RON 23,874 mil in 2016, up 1.69% compared to the previous year. Romanian banking sector accepted customer deposits of RON 274 bil in 2016, up 8.23% when compared to the last year. CEC Bank accounted for 8.70% of all cu...
By Helgi Analytics - May 29, 2018
CEC Bank employed 6,039 persons in 2016, down 2.77% when compared to the previous year. Historically, the bank's workforce hit an all time high of 6,548 persons in 2012 and an all time low of 6,039 in 2016. Average cost reached USD 1,166 per month per employee, ...
By Helgi Analytics - July 16, 2018
CEC Bank's retail deposits reached RON 17,856 mil in 2016, down 1.07% compared to the previous year. Romanian banking sector accepted retail deposits of RON 163 bil in 2016, up 11.4% when compared to the last year. CEC Bank accounted for 10.9% of all reta...
By Helgi Analytics - December 12, 2019
CEC Bank's corporate loans reached RON 10,469 mil in 2016, up 0.514% compared to the previous year. Romanian banking sector provided corporate loans of RON 102 bil in 2016, down 3.04% when compared to the last year. CEC Bank accounted for 10.3% of all cor...
By Helgi Analytics - July 16, 2018
CEC Bank's corporate deposits reached RON 6,018 mil in 2016, up 10.9% compared to the previous year. Romanian banking sector accepted corporate deposits of RON 95.2 bil in 2016, up 4.09% when compared to the last year. CEC Bank accounted for 6.32% of all ...
By Helgi Analytics - July 16, 2018
CEC Bank's consumer loans reached RON 1,879 mil in 2016, down 1.83% compared to the previous year. Romanian banking sector provided consumer loans of RON 54.6 bil in 2016, down 2.51% when compared to the last year. CEC Bank accounted for 4.51% of all cons...
By Helgi Analytics - May 29, 2018
CEC Bank's cost to income ratio reached 58.1% in 2016, up from 57.7% compared to the previous year. Historically, the bank’s costs reached an all time high of 58.9% of income in 2012 and an all time low of 57.7% in 2015. When compared to total assets, bank...
By Helgi Analytics - May 29, 2018
CEC Bank generated total banking revenues of RON 1,112 mil in 2016, down 0.838% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RON 1,122 mil in 2015 and an a...
CEC Bank has been growing its revenues and asset by % and 4.19% a year on average in the last 3 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached at the end of 2017. The company achieved an average return on equity of 0.485% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached in 2017, compared to 57.9% average in the last three years.
Equity represented of total assets or of loans at the end of 2017. CEC Bank's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.
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