News » January, 2011 » 11 January 2011
CEC Bank needs funds, privatisation seen likely
11.01.2011, 11:41 | Finance-Banks | 3170 views
CEC Bank needs funding to be able to compete with other banks and therefore a possible privatisation is the main topic to be discussed over the next period, Public Finance Minister Gheorghe Ialomitianu said at a press conference on Monday. ‘The CEC privatization is not a topic on the agenda, but anything is possible over the next period. There are people eagerly talking about the CEC privatisation, but this problem was not raised on the Government level,’ the minister said. The Ministry of Public Finance is the main shareholder of CEC and its move to increase the CEC Bank’s share capital has not received the approval from the European Commission yet. Read more on Financiarul.ro
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