Annual Financial Results
Ancoria Bank Ltd – Audited Financial Results 2019
For the year ended 31 December 2019, Ancoria Bank Ltd («Ancoria Bank») has reported:
- Robust growth of loan book with gross loans reaching €210mln, recording an increase of 78% year-on-year.
- Strong capital adequacy with Total Capital Ratio (TCR) and Common Equity Tier 1 (CET1) ratio at 19%, comfortably above the regulatory minimum of 15.5% including SREP requirement, which has been reduced to 12.5% as of 31 March 2020.
- Significant excess liquidity with deposits reaching €225mln, recording an increase of 41% year-on-year and registering a Liquidity Coverage Ratio (LCR) of 344% 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 177% compared to 361% at 31 December 2018.
Further to the above, Ancoria Bank has proceeded with the increase of its share capital on 8 April 2020 by an additional €10mln through the issuance and allotment of 20.000 new shares to Ancoria Investments Plc, 100% shareholder of Ancoria Bank.
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.
| 31/12/2019 Audited | 30/06/2019 Unaudited | 31/12/2018 Audited | 30/06/2018 Unaudited | 31/12/2017 Audited | 31/12/2016 Audited | 31/12/2015 Audited | |
| Gross Loans (€mln) | 210.2 | 161.8 | 118.0 | 90.2 | 63.6 | 24.7 | - |
| Customer Deposits (€mln) | 224.6 | 190.5 | 159.6 | 135.0 | 59.6 | 37.5 | 4.6 |
| Profit after tax (€mln) | -3.2 | -2.0 | -5.1 | -2.6 | -5.7 | -5.4 | -3.0 |
| Non-Performing Exposures Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Total Capital Ratio | 19% | 25% | 38% | 53% | 83% | 189% | 382% |
| Liquidity Coverage Ratio | 344% | 851% | 763% | 668% | 388% | 431% | 982% |
Click on the links below to open our financial results PDFs.
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- 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)
