The record profit was achieved due to a return on equity (ROE) of 22.84% and a return on assets (ROA) of 2.45%, according to the bank’s officials.
On December 31, 2022, Libra Internet Bank’s assets stood at RON9.7 billion, slightly higher than RON9.59 billion in 2021.
The bank boosted its financing activity and it ended 2022 with a net loan balance of RON6.01 billion (up 10% versus 2021).
The segments of liberal professions, agribusiness and real estate development in which the bank specializes accounted for almost two thirds of the loan portfolio.
At the same time, the sources attracted rose to RON8.25 billion (+6.03% versus 2021).
The bank also continued to focus on streamlining digitalization processes, which enabled the the improvement of the cost to income ratio up to 42.90%.
During 2022, the bank implemented 82 RPA (Robotic Process Automation) projects and seven AI (Artificial Intelligence) projects.
Libra Internet Bank specializes in funding fields such as liberal professions, real estate developers and agribusiness.