Ascory Bank Concludes Transformative Year with Strong Results and New Strategy

In 2025, Ascory Bank, formerly known as Varengold Bank, reported preliminary earnings before taxes at EUR 2.0 million, exceeding earlier forecasts. Although net income decreased due to the winding down of its commercial banking operations, it still reached EUR 40.7 million. Administrative expenses stood at EUR 32.7 million, marking a 16% reduction from the previous year.

The bank now focuses on structured finance, targeting a return on equity exceeding 10% by 2029. The Common Equity Tier 1 ratio improved to 24%. With a rebranding effort, Ascory positions itself as an innovative financier for growth sectors like fintech and energy.

The Supervisory Board has approved a new business and risk strategy, highlighting the important structural changes implemented in 2025. The bank's annual meeting for 2025 financial results is scheduled for June 2026.