Catalog
CEC Banca Agricolă S.A.
| Issuer | Banca Agricolă S.A. |
|---|---|
| Year | 1998 |
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| Composition | Paper |
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| Obverse description | The obverse is divided into two principal sections on a light green guilloche underprint. The left stub panel carries the issuer name BANCA AGRICOLĂ - S.A. and the abbreviation CEC in bold, above printed fields for date, amount in LEI (in words and figures), drawer, beneficiary, and drawn-for details, with a space for the drawer's signature. The main body bears the Banca Agricolă logo vignette at upper left, the heading BANCA AGRICOLĂ - S.A. and the instruction Plătiți în schimbul acestui CEC across the top, with fields for place of issue, date, amount in LEI (in words and figures), payee, and a bank branch stamp area at centre, alongside the address BUCUREȘTI Str. Smârdan nr. 3 and the notation Regim special at upper right; the drawer's signature line and L.S. seal space appear at lower right. |
|---|---|
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| Reverse lettering | 1) GIRANT Girat către Data Semnătura girant L.S. SCOPUL PLĂȚII SUME PARȚIALE TOTALE COD OP. NUM. TOTAL BUC. CUPIURĂ TOTAL LEI 50.000 10.000 5.000 1.000 500 100 50 20 10 5 1 TOTAL MONETAR (LEI) PENTRU BENEFICIAR NUMELE PRENUMELE B.I. SERIA NR. EMIS DE LA DATA DE AM PRIMIT SUMA DIN MONETAR, S.S DATA: VERIFICAT DATA: L.S./S.S. ACHIAT CASIER, DATA: L.S./S.S. |
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| Comments |
Banca Agricolă S.A. was one of Romania's largest state-controlled commercial banks through the 1990s, carrying a substantial inherited portfolio of bad agricultural loans from the communist-era cooperative system. By 1998, the bank was effectively insolvent — a fact the government was slow to acknowledge. It was eventually restructured and absorbed into Raiffeisen Bank România in 2002 after a costly state bailout that drew criticism from the IMF.
These instruments date from the period when the bank was still operating under the fiction of solvency.