“Despite being specialized in agribusiness, the unit in Slobozia will carry out all types of financial operations”, according to Libra Internet Bank representatives.
Libra Internet Bank registered a net profit of RON91 million in January-September 2019, 21% higher compared with the same period in 2018, and targets a full-year profit of RON95 million.
In September 2019, Libra Internet Bank said it will be extending its partnership with the European Investment Fund (EIF) on supplementing funds for small- and medium-sized enterprises (SMEs) up to a maximum RON402 million (EUR85 million), compared with RON202 million (EUR42 million) previously, based on a convention concluded in 2017.
The lender has 54 units in Romania, of which 27 in capital Bucharest, and has seen an organic growth throughout the time, granting financing mainly to liberal professions, real estate developers, agribusiness and the SME segment, as well as in the digital field for private individuals.
Libra Internet Bank, a member of US investment group New Century Holdings since 2003, registered an average increase in assets value of over 30% in the last five years. The lender serves mainly customers in the sectors of liberal professions, SMEs, real estate developers and agribusiness.
End-2018, Libra Internet Bank was the 16th lender in Romania, with assets of RON5.4 billion and a market share of 1.21%.