Fitch assigns a "BB" rating to the long-term deposits of Libra Internet Bank

Fitch has evaluated Libra Internet Bank, granting it a positive rating for long-term deposits, which is one notch above the bank's viability rating ('bb-'). This difference indicates that depositors benefit from an additional level of protection, reflecting the agency's confidence in the financial solidity of the institution. Libra Internet Bank presents itself as a stable financial institution, focused on prudence and protecting the interests of its clients.

Specializing in products and services for liberal professions, micro-enterprises, SMEs, and companies in the Real Estate and Agribusiness sectors, the bank collaborates with international fintechs. It also offers instant payments in lei and euros, as well as an artificial intelligence service in its mobile banking application. Established in 1996 and part of the New Century Holdings group, Libra Internet Bank has a network of 59 branches in Romania.