Credit Europe Bank Romania has closed FY 2016 with an 8 million Euro gross profit

The results obtained show that, for CEB Romania, 2016 was a year of successes on several levels. The bank had solid financial performances, its gross profit reaching a satisfying level of 8 million Euro, with a solvency rate of over 18%.

“On the retail segment, under the CardAvantaj brand, the credit cards continued to be the main growth engine. Their number increased with 50%, and the total turnover in this area increased by 15% compared to 2015”, declared Yakup Cil, CEO of Credit Europe Bank Romania.

Cards-wise, the target for 2017 is as ambitious, the bank wanting a sales increase of 20% and a turnover over 15% bigger than last year. To reach this goal, at the end of 2016, the bank launched a new product, named “Ferrari Card”. By introducing this card, Credit Europe Bank now covers the whole cards segment (CardAvantaj, Optimo Card, Ferrari Card).

In 2016, the total clients’ deposits increased with 18%, reaching the 700 million Euro level and also ensuring a well-diversified basis.

“Looking into perspective, we are confident in our capacity to continue our profitable growth in 2017, as well as beyond this year. Our main pursuits will be in 2017 also the raise of the cards segments, as well as the crediting activities to large companies and SMEs, added Yakup Cil.

About Credit Europe Bank

In Romania, Credit Europe Bank offers a great number of products and services for individuals, SMEs and large companies, through its 59 branch offices, agencies and workstations, as well as through alternative channels of distribution such as ATMs, POS terminals, Internet Banking and Phone Banking.

In 2016, Credit Europe Bank (Romania) SA celebrated 23 years of existence on the local market. Member of the Credit Europe Bank NV Dutch financial group, the bank has been active since 1993, when it operated under the name Commercial and Industrial Credit Bank, subsequently becoming Finansbank (2000) and then, in 2007, following a rebranding process, receiving the Credit Europe Bank Romania naming.

Further information about the bank's products and services is available at www.nexentbank.ro and www.cardavantaj.ro.