Libra Internet Bank: A Comprehensive Guide

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Libra Internet Bank is a digital banking platform that's been making waves in the financial industry. It's a subsidiary of Facebook, Inc. and was announced in June 2019.

Libra's goal is to provide a low-cost, secure, and accessible financial service to people around the world. The Libra Association, a non-profit organization, oversees the development of the Libra network.

Libra Internet Bank aims to provide a digital wallet that can be used to send and receive money, as well as make purchases online or in-store. The wallet will be available on both desktop and mobile devices.

The Libra Association has a diverse group of founding members, including major tech companies, financial institutions, and non-profit organizations.

Recommended read: First Bank Digital Banking

Libra Internet Bank Overview

Libra Internet Bank is a Romanian bank founded in 1996. It's a joint-stock company with a strong presence in the country.

The bank has a niche strategy, focusing on industries like liberal professions, real estate, and agribusiness. This specialization helps Libra Internet Bank stand out in the market.

Credit: youtube.com, Libra Internet Bank in 2019

Libra Internet Bank is authorized to perform all commercial banking activities and some capital market activities. It's also a member of SWIFT and a shareholder in several organizations, including SNCDD and TRANSFOND.

The bank has 57 branches across Romania, with its headquarters located in Bucharest. Libra Internet Bank employs over 1,100 people as of December 2023.

Here are some key statistics about Libra Internet Bank's performance in 2023:

  • Cifra de afaceri: ▲1005 mil. lei
  • Venit: ▲703,7 mil. lei
  • Profit brut: ▲367,2 mil. lei
  • Profit net: ▲317,2 mil. lei
  • Active totale: ▲11.488,8 mil. lei
  • Capital propriu: 1.042,61 mil. lei

Libra Internet Bank is also a significant player in the Romanian banking market, with a strong online presence and a wide range of financial services.

Libra Internet Bank

Libra Internet Bank is a Romanian bank founded in 1996. It's a stock company, and its predecessor was Libra Bank, established in 2011. The bank has a niche strategy, focusing on professions, real estate, and agriculture.

Libra Internet Bank is authorized to perform all commercial banking activities and some capital market activities. It's a member of the SWIFT network, a shareholder in SNCDD, TRANSFOND, and the Credit Bureau. The bank acts as a settlement agent for investment service companies, an intermediary on the secondary market for government securities, and a depositary for an investment fund.

Credit: youtube.com, Cardurile Avanpost de la Libra Internet Bank

The bank has placed bonds that are traded on the Bucharest Stock Exchange's main segment.

Here's a list of active banks in Romania, including Libra Internet Bank:

  • Alpha Bank România
  • Banca Comercială Română
  • Banca Română de Credite și Investiții
  • Citibank România
  • Banca Creditcoop
  • Banca Transilvania
  • BRD - Groupe Société Générale
  • CEC Bank
  • Credex Bank
  • Credit Europe Bank România
  • Exim Banca Românească
  • First Bank România
  • Garanti Bank România
  • ING Bank România
  • Intesa Sanpaolo Bank România
  • Libra Internet Bank
  • OTP Bank România
  • Patria Bank
  • ProCredit Bank România
  • Raiffeisen Bank România
  • Salt Bank
  • TechVentures Bank
  • UniCredit Bank România
  • Vista Bank

Libra Internet Bank has a strong online presence, with a website, Facebook page, and accounts on X, Instagram, YouTube, LinkedIn, and TikTok.

Frequently Asked Questions

What is the swift code for Libra Bank?

The SWIFT/BIC code for Libra Bank S.a. is BRELROBUXXX. However, Libra Bank uses various codes for different services, so it's worth verifying the correct code for your specific transaction.

Angel Bruen

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Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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