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CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as CEC), [1] [2] is a state-owned Romanian banking institution. [ 3 ] [ 4 ] In 1990, shortly after the Romanian Revolution of 1989, CEC had a 32.9% share of the Romanian market for banking; by 2006 this had fallen to 4.03%. [ 5 ]