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General Information
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Financial Statements |
Shareholding Structure
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Directory
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Credit Europe Ipotecar IFN S.A.
Credit Europe Ipotecar was set up in 2005 to provide Romanian customers with mortgage finance services.
On August 24, 2007 Group's consumer finance company in Romania,Credit Europe Servicii Financiare, was merged into Credit Europe Ipotecar.
| Founded | 2005 | | Field of Activity | Mortgage Financing | | Number of Employees | 19 |
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| IFRS Balance Sheet (31.12.2008) |
(RON thousand) |
(USD thousand) |
| Loans |
1.570.248 |
203.928 |
| Tangibles, net |
610 |
79 |
| Other assets |
2.066 |
268 |
| Total Assets |
1.572.924 |
204.276 |
| Borrowings |
1.474.875 |
191.542 |
| Other liabilities |
6.989 |
908 |
| Shareholders' equity |
91.060 |
11.826 |
| Total Liabilities |
1.572.924 |
204.276 |
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| IFRS Income Statement |
(RON thousand) |
(USD thousand) |
| Interest income |
110.711 |
20.548 |
| Interest expense |
(68.883) |
(12.785) |
| Net interest income |
41.828 |
7.763 |
| Commisions, net |
(3.191) |
(592) |
| Other income / (expense), net |
(5.771) |
(1.071) |
| Income before tax |
32.866 |
6.100 |
| Tax |
(3.759) |
(698) |
| Net Income for the Period |
29.107 |
5.402 |
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Credit Europe Ipotecar IFN S.A.
Anchor Plaza
26Z, Timisoara Blvd, Sector 6,
061331 Bucharest - Romania
Tel: +40 21 406 40 00
Fax: +40 21 317 20 66
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