Ancoria Bank ended 2024 with net profits of €7.9 million, according to its audited financial results—down slightly from €8.3 million in 2023. The year marked continued financial stability for the Cyprus-based bank, despite a challenging global and local economic environment.

Customer deposits rose by 10.5% over the year, while the bank’s total gross loans remained nearly unchanged at €317.4 million. The flat loan growth suggests a cautious lending approach or muted credit demand.

Ancoria Bank’s liquidity and capital positions remain strong by regulatory standards. The Liquidity Coverage Ratio (LCR) stood at 1,299% and the Net Stable Funding Ratio (NSFR) at 267.81%—both significantly above the 100% minimum required under EU rules. Similarly, the bank’s Total Capital Adequacy Ratio reached 25.21%, with its Common Equity Tier 1 (CET1) capital at 23.16%, exceeding the required threshold of 15.61% including supervisory buffers.

The bank also reported a Non-Performing Exposure (NPE) ratio of 1.9%, among the lower figures in the Cypriot banking sector, indicating good asset quality at present.

Operationally, Ancoria Bank stated that it continued implementing its growth strategy, with ongoing investments in technology and customer-facing services, though details on specific innovations or new offerings were limited in the announcement.

The bank has emphasized its intent to continue offering both digital and in-branch banking services, though competition from larger players and fintech entrants remains a factor in shaping future performance.