Financial Results

Ancoria Bank Ltd - Financial Results 6M 2019

For the 6 months ended 30 June 2019, Ancoria Bank Ltd («Ancoria Bank») has reported:

• Robust growth of loan book with gross loans reaching €161mln, recording an increase of 79% since same period last year.
• Strong capital adequacy with Total Capital Ratio (TCR) and Common Equity Tier 1 (CET1) ratio at 25%, comfortably above the regulatory minimum of 10.5% (15.5% including SREP requirement).
• Significant excess liquidity with deposits reaching €191mln, recording an increase of 41% since same period last year and registering a Liquidity Coverage Ratio (LCR) of 851% 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%.
• Effective cost management with Cost-to-Income ratio constantly falling, observed at 218% compared to 412% same period last year.

The strong position of Ancoria Bank in the Cyprus market is evident by the continuous growth it experiences, having established itself as a trusted and effective financial partner to its customers. Dedicated to redefining banking by combining advanced technology with a total commitment to building rewarding relationships with its customers, Ancoria Bank continues its progressive course with prudent lending, proper risk management and a customer centric model.

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

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• Financial Results 2018 (1,679kb)
• Financial Results 2017 (1,314kb)
• Financial Results 2016 (1,329kb)
• Financial Results 2015 (4,616kb)