Ascory Bank Reports Strong First Half of 2026 and Management Expansion

Hamburg, 25 August 2026 – Ascory Bank reported a successful first half of 2026 with a pre-tax profit of EUR 1.8 million, mirroring the strategic transformation undertaken last year. The bank's focus on structured lending significantly contributed to its performance, with loan receivables rising to EUR 507 million, a 5% increase from 2025. Customer deposits also grew to EUR 953 million, bolstering Ascory's refinancing capabilities.

In anticipation of further growth, Ascory Bank announced a restructured Management Board, set to expand on 1 October 2026. The new structure includes Daniel Piatek as Chief Risk Officer and Kai Friedrichs as COO/CIO, joining CEO Matthias Wargers. This shift aims to enhance the bank's strategic and technological capabilities.

The bank maintains a strong capital position, with a CET1 ratio of 19%, ensuring compliance with regulatory mandates. Ascory Bank's strategic priorities include sustaining growth in key sectors, achieving a return on equity over 10% by 2028, and expanding its European market presence.