on Varengold Bank AG (ETR:VG80)
Ascory Bank Reports 2025 Financial Success Amid Strategic Shift
Ascory Bank AG closed its 2025 financial year with a notable pre-tax profit of EUR 2.0 million, marking a clear return to profitability from the previous year's EUR 0.1 million. The bank's CET1 ratio remained robust at around 24%, supporting its sustainable growth objectives. The year was pivotal, laying groundwork for a new business model focused on structured financing for growth-oriented firms, particularly in fintech and energy transition sectors.
The audited financial statements reveal a net profit of EUR 0.5 million in 2025, reversing a EUR 1.6 million loss from the prior year. Adjusted net interest and commission income highlighted positive trends despite a 20% overall income drop to EUR 40.9 million, aligning with strategic shifts.
The bank rebranded as Ascory Bank AG in February 2026, symbolizing its transformation under new leadership since March 2025. The introduction of a new management system and digital processes bolstered efficiency and risk management. Ascory Bank plans to focus on profitable growth through strategic partnerships and brand establishment.
R. P.
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