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Order No. 1312 / 25 April 2008 issued by the Ministry of Economy and Finance on the amendment of Order No. 425 / 14 February 2008 is published in Monitorul Oficial al Romaniei No. 347 / 6 May 2008. The said legal act sets forth the change of the image and the name of the institution to CEC Bank S.A.

Order No. 425 / 14 February 2008 issued by the Ministry of Economy and Finance on the approval of the Statute of Casa de Economii si Consemnatiuni CEC joint-stock company is published in Monitorul Oficial al Romaniei No. 164 / 4 March 2008;

The Ministry of Public Finance publishes the announcement for the privatisation of the Savings Bank – CEC;

Government Decision No. 806 of 14 July 2005 approving the strategy for privatisation of the Savings Bank – CEC – is published in Official Gazette of Romania No. 700;

Order No. 979 of 8 July 2005 issued by the Ministry of Public Finance is published in Official Gazette of Romania No. 635. The said Order approves the Statute of the Savings Bank – CEC, which brings the institution in line with the modern commercial banks and paves the way for its privatisation;

Official Gazette of Romania No. 463 publishes Government Emergency Ordinance No. 42 of 26 May 2005 on some measures for the reorganisation of the Savings Bank – CEC – ahead of its privatisation;

Member of the Romanian Academy Victor Slavescu releases the book titled “Romania’s Finance under Prince Cuza”; 

The standing exhibition showcasing precious objects of the institution (The CEC Museum) is officially opened;

Victor Slavescu, former president of the Savings House between 1942-47 and a member of the Romanian Academy, releases his book titled “The Life and Works of Economist Enric Winterhalder”. The event is accompanied by the opening of an exhibition with precious objects of the institution on display and by the launch of the commemorative medal “CEC 1864-2002”; 

The Savings House embarks on the path of streamlining from a legal, institutional and banking products and services perspective. The Parliament enacts Law No. 66 on reorganisation of the Savings Bank as a joint-stock company having a sole shareholder, i.e. the Finance Ministry as the Romanian State’s agent.

From 1990 onwards, the Savings House expands its scope by including intervention in the financial market, granting short-, medium- and long-term loans to banks, performing operations in government securities, etc. .

The Savings House grants housing loans to households.

Decree No. 371 on the organisation and functioning of the Savings House in the People’s Republic of Romania, published in Official Gazette of Romania No. 32, provides for further measures to ensure strengthening and development of the institution;

The range of services and products provided to individuals is enlarged (savings books with prizes – 1953, CEC bonds with prizes – 1954, operations in letters of credit – 1954, savings books with interest and prizes – 1961, savings books with interest and prizes consisting in motorcars – 1962, expansion of personal current accounts – 1961, commission and mandate operations, etc.) and outlets are opened across the country;

Decree No. 387 on the organisation, functioning and management of the Savings House (CEC) in the People’s Republic of Romania is published in Official Gazette  of Romania No. 64;

Decree No. 224 on the establishment and organisation of the Savings, Cheques and Consignments House, or CEC, is published in the Official Gazette of Romania, Part One, No. 202. Following the enforcement of the said Decree, the Savings and Consignments House and the Savings and Postal Cheques National House were subject to a merger. Individuals from all across the country could entrust their savings to the newly-established institution that was charged with accepting and safekeeping them;

Romania implements the redenomination of its currency. Thus, the deposits with CEC are recalculated at a rate of exchange of 1 to 20,000 and the resulting amounts are initially blocked, interest free;

Official Gazette of Romania, Part One, No. 247 features the amendment to the law governing the General Savings House. As a result, the institution’s scope is enlarged so as to allow the performance of new activities. The General Savings House is now referred to as the Savings and Postal Cheques National House, or CEC;

The Deposits, Consignments and Savings House goes through a shake-up in the wake of which the Savings House spins off and turns into an “autonomous public institution” called the General Savings House, a legal entity under the authority of the Finance Ministry (Official Gazette of Romania, Part Three, No. 64 of 6 September 1930);

After taking a neutral position for two years, Romania enters World War One (1914-1918). This causes the House’s management to be separated into two groups: one group sticks to the occupied territory, i.e. in Bucharest, and the other moves to Iasi, in Northeast Romania. The government led by Ion I. C. Bratianu decides to send the treasury of several institutions (the Deposits, Consignments and Savings House, the National Bank of Romania), as well as the valuable assets belonging to other public and private institutions, to Iasi and later on to Moscow, based on the guarantees provided by the Soviet authorities and by Romania’s major allies;

The cornerstone of the Palace of the Deposits, Consignments and Savings House is laid. Their majesties, King Charles I and Queen Elisabeth of Romania, attend the event. The grand opening of the Palace takes place at the turn of the 20th century and the Board of Directors holds its first meeting on the new premises on 15 June;

The Savings House, a financially independent entity under the co-ordination of the Deposits, Consignments and Savings House, starts operating;

The decrees on the establishment of the Savings House, an institution attached to the Deposits and Consignments House, are published in Official Gazette of Romania Nos. 12 and 242. Shortly thereafter, the Deposits and Consignments House has its name changed to the Deposits, Consignments and Savings House;

The law on the establishment of the Deposits and Consignments House is subject to amendment, enacted by the High Decree of 3 August 1876 and thereafter published in Official Gazette of Romania No. 174 of 8 August 1876;

The Deposits and Consignments House starts operating, its activity being run by Enric Winterhalder, former director and secretary general of the Finance Ministry. The institution’s control and management body is the Supervisory Commission headed by Ion Ghica and encompassing the following members: Constantin Steriadi, Vasile Paapa, Scarlat Cretulescu, and George Platon;

The law on the establishment of the Deposits and Consignments House is published in Official Gazette of Romania No. 268;

Alexandru Ioan Cuza, the then-ruler of the Romanian Principalities, passes the law setting forth the establishment of the Deposits and Consignments House. The ruler’s decree was countersigned by Mihail Kogalniceanu, Prime Minister, Ludovic Steege, Finance Minister, and Nicolae Cretulescu, Justice Minister;

The Council of Ministers approves the draft law on “the establishment of a deposits and consignments house” which was presented by Nicolae Rosetti-Balanescu, ad-interim Finance Minister in the cabinet led by Mihail Kogalniceanu (11 October 1863-26 January 1865);