Ancoria Bank

Retail and Commercial Banking * Ancoria Bank is a Cyprus-based challenger bank, offering a wide range of personal and business banking services. * Provides easy access to money through current accounts. * Offers secure Visa Debit Cards made from recycled plastic. Lending and Credit Services * Offers housing loans for building, buying, or renovating homes. * Provides business loans. * Features student loans to support education. * Introduces Digital Loans (myLo@n or myOverdr@ft) with a fully digital application process, eliminating the need for bank visits. * Provides Eco Loans for home improvements, electric cars, and hybrid cars, promoting eco-friendly living. * Includes a Loan Calculator for instant indicative monthly installments and eligibility checks. Digital Banking and Fintech * Utilizes state-of-the-art digital banking tools. * Supports Google Pay for fast and secure contactless payments online and in stores. * Facilitates SEPA Instant payments in Euro within the SEPA zone, 24/7, 365 days a year. * Offers the myAncoria App for simple, secure account opening. * The myAncoria App enables account access, money transfers, and financial management anytime, anywhere. Risk Management and Compliance * Warns about potential loss of home or property if loan repayment plans are not met. * Discloses charges for early loan repayment and prepayment penalties for fixed rate loans. * Advises that variable interest rates may cause installment amounts and total costs to increase or decrease. Wealth Management and Financial Planning * Provides savings accounts for financial accumulation. * Offers fixed-term deposit accounts to help money grow. Regulatory Environment and Governance * Governed by policies, overseen by a Board of Directors and Senior Management. * Operates within an internal control framework. * Mentions compliance with Pillar 3 Disclosures, FATCA, CRS, and DAC 6 regulations. Financial Technology (Fintech) & Innovation * Positioned as an innovative challenger bank. * Actively integrates financial technology through its myAncoria App, Digital Loans, Google Pay, and SEPA Instant services. Economic Analysis and Forecasting Customer Relations and Experience * Committed to providing fast, friendly, and convenient service through a dedicated team and accessible banking centers. * Offers various contact methods, including phone and online forms, and encourages customer feedback. Global Financial Systems * Participation in SEPA Instant payments signifies involvement in wider European financial systems.