Commission concludes Romania’s recapitalisation of CEC Bank is not State aid
The European Commission (Commission) has concluded that Romania’s EUR 200 million (RON 1 billion) recapitalisation of the state-owned CEC Bank does not qualify as State aid.
In September 2024, Romania notified the Commission of its plan to recapitalise CEC Bank to improve its lending capacity, enhance the CEC Financial Group, and boost operational efficiency. The Commission has evaluated the submitted business plan for 2025-2028, a long-term outlook for 2029-2032, and a report on the “private investor test”.
Today, the Commission has concluded that Romania behaved as a private investor in the market, as the recapitalisation would yield returns consistent with market conditions. Therefore, Romania’s investment fulfilled the private investor test leading the Commission to conclude on the absence of an advantage. Thus, no state aid is involved in this recapitalisation.
For more information, see the Commission’s PR.