In the whole of 2010, the bank posted a net profit of RON10.08 million, compared with a loss of some RON16 milllion in 2009.
The results were calculated under international financial reporting standards.
Revenue from provision recoveries covered expenditure on non-performing loans, the bank said.
At the same time, the solvency rate is 0.9 percentage points higher than the banking system average for January-June, namely 15.6%.
Since the beginning of the year, Libra Bank has opened two new branches, in Bucharest and Cluj, and it plans to open more branches by the end of the year, in Bucharest and Timisoara.
The bank currently has a network of 25 units.
The bank is a member of US investment fund New Century Holdings, and its shares are owned by several firms controlled by investment fund Broadhurst. (EUR1=RON4.256)