Facts

Facts

At the end of December 2007, the total assets of the bank have increased by 88% as compared to December 2006, reaching EUR 1,228 million. The high performance has been supported by the increase of equity to RON 300 million (EUR 90 million) from RON 175 million (EUR 49 million) and by the growth of customer deposits to RON 2,257 million (EUR 625 million) from RON 1,361 million (EUR 376 million) during year 2006.
In the first semester of 2008, total assets of the bank have increased by 14% reaching RON 5,060 million (EUR 1,358 million) compared with Dec 2007. The total loans increased by 21%, to RON 3,587 million (EUR 962 million), while the deposits recorded 11% growth, to RON 2508 million (EUR 672 million) in comparison with the end of 2007.
In June 2007, another syndicated loan facility amounting EUR 110 million, for pre-export financing needs of our customers, has been successfully oversubscribed.
Also in June 2007 our bank has signed another Loan Agreement with the International Finance Corporation (IFC).
The bank has intensively invested in developing the service network, human resources, plastic cards and IT infrastructure necessary to support the growth.

In terms of market shares in Romania, Credit Europe Bank (Romania) S.A. means:

• 1.8% of total banking assets (2007)
• 1.98% of total banking assets (September 2008)
• 2% of consumer loans
• 20% in credit cards
• 3.5% of foreign exchange transactions

Strategy

• Obtaining higher market shares both in retail banking and corporate banking;
• Increasing number of clients and number of operations;
• Increasing trade finance and project finance volumes;
• Becoming a household brand, offering customized services with segmentation of client base;
• Increasing market share in consumer financing and individual banking;
• Concluding structured finance transactions with international financial institutions to support the assets growth and to diminish the maturity mismatches.