CEC Bank cuts base interest rate for RON and foreign currency loans

Newsroom 06/04/2010 | 12:21

CEC Bank will reduce its prime base interest rate for RON and foreign currency loans from the beginning of April. The interest rate for credit in RON will decrease from 11.25 percent annually to 9.9 percent for individual borrowers and from 11.4 percent to 9.9 percent for corporate ones.

The annual base interest rate for EUR loans for both individuals and companies will drop from 7.25 percent to 6.9 percent. All borrowers with credit contracts that involve CEC Bank’s prime rate will see their repayments fall. The lender’s credit portfolio posted an increase of 15 percent last year on 2008, far exceeding the average registered by the banking system. It also posted a 54 percent growth in its assets, based on the increase in deposits attracted from its customers. CEC Bank’s un-audited gross profit rose by about 11 percent on 2008.

Anda Dragan

 

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue