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: a.shevchuk@eternitylaw.com / Telegram @anastasiiaeternitylaw
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The information presented in this section is provided for general informational and B2B purposes only. Licensed or regulated companies listed here may be offered for sale by their respective owners or other third parties.
The Company does not sell, issue or provide licences, authorisations, registrations or the underlying regulated services. Any existing licence, registration, authorisation or regulatory status remains subject to applicable law and, where required, regulatory approval, notification, change-of-control, re-registration or other procedures imposed by the competent authority.
The Company acts solely as an independent provider of legal, consultancy and transaction support services and may assist with due diligence, transaction structuring, documentation, ownership transfer, re-registration and related legal or regulatory support.
No listing constitutes financial, investment or brokerage advice, or a guarantee that any licence or regulatory status may be transferred, maintained or used by a prospective purchaser.