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Ghetea, CEC Bank: I can feel client activity rebound

31.03.2010, 23:10 14

The first quarter of 2010 brought a slight rebound in clientactivity, and most of the debtors that last year benefitted frominstalment payment incentives are back on their feet, says RaduGhetea, chairman of CEC Bank, the only state-owned top bank. "I canfeel there's a client activity rebound. What I'm most glad about isthat an important number of clients that seemed to be sinking, andfor which we've found restructuring solutions together, are in goodhealth and ready for a comeback," Ghetea told ZF in an interview.He says that in the case of individuals, cases where debtors thatbenefited from rescheduling are unable to meet their paymentobligations are a "rarity", while on the corporate segment, thesecases are more frequent. CEC Bank in late 2009 held corporate loansworth 4.2bn RON (almost half a billion euros), up almost 45% in RONfrom December 2008. The volume of loans granted to individualsmaintained at 5.2bn RON (the equivalent of 1.2bn euros) in December2009. "In 2010 we want to have two-digit growth on lending again.But we must first secure deposit growth, because it is the only waywe can boost market share," Ghetea says.

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