End-2020, the bank’s assets reached RON7.32 billion, up over 12% from the 2019 level (RON6.53 billion). The lender kept climbing spots in a ranking of banks in Romania by the value of assets, landing on the 13th place, from 15th.
During the analysed period, the net loan balance exceeded RON4.63 billion, up over 15% versus RON4.01 billion in 2019, and the balance of attracted sources was RON6.39 billion, up 13% versus RON5.65 billion end-2019. The non-performing loan (NPL) rate stood at 2.95% end-2020, below market value.
For 2021, Libra Internet Bank expects a 9% increase in net assets, while its loan portfolio is seen growing 15%, with focus on the traditional business lines and with constant concentration on new technologies.
On September 3, 2020, Libra Internet Bank listed EUR4.29 million worth of bonds on the Bucharest Stock Exchange, under the ticker symbol LIBRA30E. Libra raised EUR4.29 million in a private placement bond sale ended on March 25.
Libra Internet Bank was established in 1996 and became operational in 1997. The lender has been part of U.S. investment group New Century Holdings (NCH) since 2003, one of the leading foreign investors in Romania.
Libra Internet Bank, serves mainly customers in the sectors of liberal professions, small and medium-sized enterprises (SMEs), real estate and agribusiness.