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Many Romanian Cos Struggle Despite Loan Restructuring – CEC Bank

One quarter of Romanian companies with loans restructured by lender CEC Bank still fail to make payments, the bank's president Radu Ghetea said Tuesday.
Many Romanian Cos Struggle Despite Loan Restructuring - CEC Bank
06 iul. 2010, 11:12, English

„Out of 100 loans restructured by CEC for companies, 25% of clients cannot continue, despite this breath of fresh air. However, 75% of clients are saved,” Ghetea told the Mediafax Talks about Banking conference.

„For individuals, the percentage is greatly improved,” Ghetea added.

The CEC bank official went on saying that companies were forced to seek survival solutions and new markets in the first half of 2010 as well, with results differing from one case to the next, which discourages a realistic forecast for the banking sector’s profitability.