April 19 (SeeNews) - TBI Bank, part of Luxembourg-registered consumer lending group 4finance Holding operating in Bulgaria and Romania, said its retail loan portfolio grew by 39% last year.
The bank's net profit rose by 19% to 38.9 million levs ($24.6 million/19.8 million euro) in 2017, TBI Bank said in a presentation during a news conference held in Sofia on Wednesday.
The bank's assets increased by 15% year-on-year to 719 million levs in 2017.
TBI Bank said it plans to launch a digital e-commerce platform in Bulgaria that will allow customers to apply for credit online with a qualified electronic signature and video identification.
"The platform is already successfully working in Romania, allowing our customers and commercial network fast application and approval process, 24/7 access and all this – without a single hard copy," Valentin Galabov, chairman of the management board of TBI Bank, said.
The launch of the TBI Bank's digital e-commerce platform in Bulgaria will be announced within a month.
TBI Bank was Bulgaria's 18th biggest lender in terms of assets among 21 banks and four branches of foreign banks as at end-February, according to central bank data.
(1 euro = 1.95583 levs)
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