Profitable bank in Cyprus for sale

Profitable bank in Cyprus for sale

A banking institution in Cyprus for sale registered and licensed by the Cypriot jurisdiction. The structure is under the control of the Cypriot Central Bank. The headquarters is located in Nicosia; in addition, the company has several branches, in particular in Larnaca and Limassol.

Cyprus bank for sale for your attention!

As for reporting, there are results of financial activity for a period of six months (the period ended on June 30, 2021), not confirmed by an audit.

The half-year period that ended on June 30, 2021 differs as follows:

  • from the moment the company started its operations, the profit after taxes amounted to about 0.3 million euros. Operating loss at 30 June 2020 was € 1.0 million;
  • there is a significant increase in indicators related to the loan portfolio. The total amount of loan loans amounted to about 297 million euros, which is 29% more than in the previous year;
  • the institution demonstrates a high level of capital adequacy. The total capital ratio was 18%, which was higher than the 15% minimum required by the SREP;
  • excess liquidity is at a significant level. Deposits reach 332 million euros. All this is evidence of an increase of about 27% compared to the same period last year.
  • assets with a non-performing risk ratio equal to 0%, for which the assessment was based on the definition of the European Banking Authority.
  • more efficient cost-to-income ratio, which is 94% compared to 128% last year.

The balance sheet was compiled for the year ended in 2020 (may be presented by certain terms). To complete the transaction, the interested party must send a copy of the identification document (passport), an extract confirming the availability of a sufficient amount of funds, confirmation of work experience in the fields of banking or in the financial industry in general.

Price for buying Cyprus bank: Julia.z@eternitylaw.com / Telegram @juliazhil

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