“Our niche approach is working. After the third quarter I can say chances are we will reach our profit target for 2019,” said Emil Bituleanu, general manager of Libra Internet Bank.
The bank’s assets stood at RON5.46 billion at the end of September.
Its loan portfolio stood at RON3.96 billion, 22% higher compared with end-2018. Customer deposits stood at RON4.96 billion end-September, up 4% from end-2018.
Libra Internet Bank non-performing loan rate stood at 2.21% at the end of September.
Libra Internet Bank, which serves mainly customers in the sectors of liberal professions, small and medium-sized enterprises (SMEs), real estate and agribusiness, is a member of US investment group New Century Holdings.
At the end of 2018, it had assets of RON5.4 billion and a market share of 1.21%.