Libra Bank, a unit of American investment group New Century Holdings, reported assets of RON2 billion at the end of June, up 19.8% compared with June 2014.
The bank’s loan portfolio rose 20% year-on-year to RON1.26 billion, while the non-performing loans ratio declined to 7.99%.
The bank’s growth was supported by investments in technology, after Libra launched Libra Online account last year, the first online account in Romania.
Libra Internet Bank has a share capital of RON193.1 million. At the end of last year, the lender ranked 24th among the 40 banks in Romania, with a market share of 0.47%, up from 0.3% in 2013.
Cyrus-registered investment fund Broadhurst Investment Limited controls 61.65% in Libra Internet Bank, followed by real estate company Romarta with 26.38% and Metex Big SA with 11.82%.
Founded in 1996, Libra Bank runs 40 offices in Romania and serves mainly corporate and SME customers. (EUR1=RON4.4226)