Annual Financial Results
Ancoria Bank Ltd – Unaudited Financial Results for the 6-month period ended 30 June 2020
For the 6-month period ended 30 June 2020, Ancoria Bank Ltd («Ancoria Bank») has reported:
• Significant growth of loan book with gross loans reaching €229mln, recording an increase of 41% year-on-year.
• Strong capital adequacy with Total Capital Ratio (TCR) and Common Equity Tier 1 (CET1) ratio at 25%, comfortably above the regulatory minimum of 15.5% including SREP requirement, which has been reduced to 12.5% as of 31 March 2020 as a response to COVID-19.
• Substantial excess liquidity with deposits reaching €261mln, recording an increase of 37% year-on-year and registering a Liquidity Coverage Ratio (LCR) of 549% 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 136% compared to 218% at 30 June 2019.
Despite the challenging market conditions resulting from the outbreak of COVID-19, Ancoria Bank continued its positive growth by remaining focused on its strategic objective of becoming a trusted and effective financial partner to its customers.
To this purpose, Ancoria Bank has proceeded with increasing 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.
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.
| 30/06/2020 Unaudited | 31/12/2019 Audited | 30/06/2019 Unaudited | 31/12/2018 Audited | 31/12/2017 Audited | 31/12/2016 Audited | 31/12/2015 Audited | |
| Gross Loans (€mln) | 228.6 | 210.2 | 161.8 | 118.0 | 63.6 | 24.7 | - |
| Customer Deposits (€mln) | 260.5 | 224.6 | 190.5 | 159.6 | 59.6 | 37.5 | 4.6 |
| Profit after tax (€mln) | -1.1 | -3.2 | -2.0 | -5.1 | -5.7 | -5.4 | -3.0 |
| Non-Performing Exposures Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Total Capital Ratio | 25% | 19% | 25% | 38% | 83% | 189% | 382% |
| Liquidity Coverage Ratio | 549% | 344% | 851% | 763% | 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)
