CEC Bank

CEC Bank's mortgage loans rose 17.0% to RON 3,215 mil in 2016

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...

CEC Bank's npls (as % of loans) fell 30.4% to 15.0% in 2016

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. ...

CEC Bank's net profit fell 12.7% to RON 9.60 mil in 2016

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...

Profit Statement 2015 2016 2017
Net Interest Income RON mil 817 786 ...
Fee Income (As % Of Revenues) % 17.6 20.0 ...
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 ...
Debt Securities RON mil 9,296 8,321 ...
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 ...

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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   ...

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CEC Bank's customer loans rose 8.76% to RON 14,591 mil in 2016

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...

CEC Bank's customer deposits rose 1.69% to RON 23,874 mil in 2016

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...

CEC Bank's employees fell 2.77% to 6,039 in 2016

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, ...

CEC Bank's retail deposits fell 1.07% to RON 17,856 mil in 2016

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...

CEC Bank's corporate loans rose 0.514% to RON 10,469 mil in 2016

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...

CEC Bank's corporate deposits rose 10.9% to RON 6,018 mil in 2016

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 ...

CEC Bank's consumer loans fell 1.83% to RON 1,879 mil in 2016

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...

CEC Bank's costs (as % of assets) fell 0.427% to 2.32% in 2016

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...

CEC Bank's net interest income fell 3.87% to RON 786 mil in 2016

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...

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Finance

CEC Bank has been growing its revenues and asset by -100% and 4.19% a year on average in the last 3 years. Its loans and deposits have grown by -100% and -100% 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 -100% 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.