“The upward trend was because of the recovery of Romania’s macroeconomy and the increase in predictability generated by the Covid-19 pandemic,” the bank officials say.
Assets on June 30 stood at RON8.15 billion, an increase 11.4% on December 31, 2020, while the net loan portfolio increased by 14% (RON660 million) to RON5.29 billion.
Gross loan portfolio rose by 12.5% in the first half, with the highest growth recorded on the following segments: individuals (60%), SME (24%), agribusiness (20%), Greek Desk (17%) and professionals (10%).
Loans in lei increased by 13%, while loans in foreign currency by 12%.
Libra expects RON145 million net profit in 2021, 281% higher than the RON38 million of 2020, while its net assets should increase by 12% from RON7.3 billion to RON8.2 billion.
Statistics show Libra Internet Bank SA ranked 13th by assets among banks in Romania on March 31, 2021, having climbed from 15th on June 30, 2020.
(English version by Loredana Fratila-Cristescu)