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Libra Internet Bank ups profit by 83% in Romania

Libra Internet Bank, a small local lender owned by American investment group New Century Holding (NCH), recorded a net profit of RON 59.4 million (EUR 13 million) in 2017, up by 83% compared to the previous year. The bank’s total assets went up by 36%, reaching RON 4.6 billion (close to EUR 1 billion), while its market share went over 1% at the end of last year. The growth mainly came from the bank’s traditional business lines, namely ...

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