Financial Results

Annual financial results
An insight into the Bank’s financial performance

Ancoria Bank Ltd – Audited Financial Results for the year ended 31 December 2022

For the year ended 31 December 2022, Ancoria Bank Ltd («Ancoria Bank») has reported:

  • Profit after tax of €3mln compared to €1mln for the year ended 31 December 2021.
  • Further growth of loan book with gross loans reaching €334.1mln, recording an increase of 8% year-on-year.
  • Strong capital adequacy with Total Capital Ratio (TCR) and Common Equity Tier 1 (CET1) ratio at 19.65%, and 17.48% respectively, comfortably above the regulatory minimum of 14.61% including SREP requirement.
  • Substantial excess liquidity with deposits reaching €429.8mln, recording an increase of 16.4% year-on-year and registering a Liquidity Coverage Ratio (LCR) of 544% compared to a minimum requirement of 100%.
  • Asset quality remaining at high levels with Non-Performing Exposures (NPE) ratio based on European Banking Authority’s definition at 0%.

Ancoria Bank continued its positive growth for another year, remaining focused on its strategic goal of being a reliable financial partner to its customers laying solid foundations for long-term relationships.

Ancoria Bank Ltd is incorporated in Cyprus as of 2013 as a limited liability company under the Cyprus Companies Law, Cap.113.

31/12/2022

Audited

 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) 334.1 308.0 272.6 210.2 118.0 63.6 24.7 –
Customer Deposits (€mln) 429.8 369.2 296.3 224.6 159.6 59.6 37.5 4.6
Profit after tax (€mln) 3.0 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 19.65% 18% 19% 19% 38% 83% 189% 382%
Liquidity Coverage Ratio 544% 343% 288% 344% 763% 388% 431% 982%

 

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