Ancoria Bank Ltd – Audited Financial Results for the year ended 31 December 2021
For the year ended 31 December 2021, Ancoria Bank Ltd («Ancoria Bank») has reported:
- Profit after tax for the first time since launch of operations, observed at €1mln compared to €1.75mln loss for the year ended 31 December 2020 (as restated).
- Significant growth of loan book with gross loans reaching €308mln, recording an increase of 13% year-on-year.
- Strong capital adequacy with Total Capital Ratio (TCR) and Common Equity Tier 1 (CET1) ratio at 18%, comfortably above the regulatory minimum of 15% including SREP requirement.
- Substantial excess liquidity with deposits reaching €369mln, recording an increase of 24.6% year-on-year and registering a Liquidity Coverage Ratio (LCR) of 343% compared to a minimum requirement of 100%.
- Exceptional asset quality with Non-Performing Exposures (NPE) ratio based on European Banking Authority’s definition at 0%.
Despite the difficult market conditions that emerged from the pandemic, Ancoria Bank continued its positive growth, remaining focused on its strategic goal of being a reliable financial partner to its customers laying solid foundations for a long-term relationship.
Ancoria Bank continues its progressive course by redefining banking through the constant development of technology while focusing on the customers’ needs and suggesting a unique banking model where digital and physical service harmoniously coexist.
Ancoria Bank Ltd is incorporated in Cyprus as of 2013 as a limited liability company under the Cyprus Companies Law, Cap.113.
30/06/2022
Unaudited |
31/12/2021
Audited |
31/12/2020
Audited |
31/12/2019
Audited |
31/12/2018
Audited |
31/12/2017
Audited |
31/12/2016
Audited |
31/12/2015
Audited |
|
Gross Loans (€mln) | 324.7 | 308.0 | 272.6 | 210.2 | 118.0 | 63.6 | 24.7 | – |
Customer Deposits (€mln) | 414.6 | 369.2 | 296.3 | 224.6 | 159.6 | 59.6 | 37.5 | 4.6 |
Profit after tax (€mln) | 0.5 | 1.0 | -1.8 | -3.2 | -5.1 | -5.7 | -5.4 | -3.0 |
Non-Performing Exposures Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Total Capital Ratio | 17,46% | 18% | 19% | 19% | 38% | 83% | 189% | 382% |
Liquidity Coverage Ratio | 564% | 343% | 288% | 344% | 763% | 388% | 431% | 982% |
Click on the links below to open our financial results PDFs.
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- Financial Results 2021 (1,600kb)
- Financial Results 2020 (2,571kb)
- Financial Results 2019 (2,394kb)
- Financial Results 2018 (1,679kb)
- Financial Results 2017 (1,314kb)
- Financial Results 2016 (1,329kb)
- Financial Results 2015 (4,616kb)