Credit Europe Bank Romania closed the first semester of 2020 with a net profit of 13 million RON, despite the current economic context

9 September 2020

In the first half of 2020, Credit Europe Bank Romania consolidated its position, with its total assets rising to 4.1 billion lei, while the loans portfolio increased to 2.1 billion lei. In the January – June 2020 period, the Bank registered total revenues of 124 million lei and a net profit of 13 million lei. In regards to 2019, it was a performant year for Credit Europe Bank Romania, closing with a net profit of 57 million lei, up by 7.5% YoY. The growth in profitability is the result of further increase in credit cards usage by the bank's customers and continued new loan issuances in the corporate business segment. Total deposits attracted by the bank reached 2.6 billion lei in 2019, the credit cards turnover increased by 11% compared to 2018, the Bank’s total assets and loans portfolio remained constant at 4 and 2 billion lei respectively, while the total income increased with 6.7% compared to the previous year.

“The consolidated financial performance of our Bank is the reflection our strategic business objectives. Although we were expecting a comparable decrease in profit in the first semester of 2020 given the economic environment determined by the Covid-19 pandemic, we managed to close the first half of 2020 with a 13 million lei net profit thanks to hands on credit management and digital solutions offered to our customers. Our continuous investment in digitalization during the last years proved beneficial for our customers during the pandemic, taking into consideration that our entire cards portfolio was already contactless, our credit cards portfolio offer contactless gadgets – such as stickers and bracelets – and our Apple user customers benefit from convenience of Apple Pay since 2019. Our clients managed to make the transition to online and contactless payments faster; the Bank has registered an increase on these segments and the launch of the smartphone app “AVANTAJ2go” helped in decreasing our customers’ number of visits to a branch or ATM during the present context significantly. We will continue to invest in new technologies and the digital components as part of our strategy and responsibility towards our clients”, declared Yakup Çil, CEO of Credit Europe Bank Romania.

The Bank has been showing a solid financial performance by giving utmost importance to develop these results in a sustained manner both for the corporate and retail business segments.

Credit Europe Bank Romania took quick measures in the first six months of the year in adapting to the pandemic environment towards its clients, including the promotion of contactless and online transactions, the possibility to postpone installments by individual clients with mortgage credits affected by the pandemic upon their requests even before the 37/2020 Emergency Ordinance and the suspension of initiating new enforcement procedures for retail clients at the beginning of the pandemic. The Bank also swiftly adapted its activity towards the employees, by implementing and updating constantly safety and operational measures in order to provide a safe environment for the employees, clients and the communities we live in.


2019 and S1 2020 in numbers



2020 S1

Total assets

4 Bln RON

4.1 Bln RON

Loans portfolio

2 Bln RON

2.1 Bln RON

Customer deposits

2.6 Bln RON

2.3 Bln RON

Total income

223 Mln RON

124 Mln RON

Operational expenses

160 Mln RON

69 Mln RON

Net profit

57 Mln RON

13 Mln RON

Solvency ratio

















About Credit Europe Bank

In Romania, Credit Europe Bank provides a large number of products and services for individuals, SMEs and corporations. Credit Europe bank opened a new chapter towards digitization and technology, relaunching the Bank’s website, introducing contactless stickers and bracelets to the credit card portfolio, launching Apple Pay and developing the first smartphone app addressed to the Bank’s credit card portfolio.

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