A Solid Bank

Our main focus is on the sustainability, reliability and performance of the services we offer. The management of our business is geared towards the interests of our customers and other stakeholders.

Therefore, we aim to have stable earnings and a strong capital structure. The Bank comfortably complies with external and internal minimum capital requirements throughout the year with a Common Equity Tier 1 Capital ratio of 33.4% and a Total Capital Ratio of 33.4% as at 31st December 2019.

The graph to the right describes the development over the last five years.

For comparison, the Common Equity Tier 1 of banks in UK and EU, were (end of 2019):

• EU banks deemed ‘significant’ (+100 banks) 14.78%
(source:https://www.bankingsupervision.europa.eu/banking/statistics/html/index.en.html)

• UK Banking sector 15.6%
(source:https://www.bankofengland.co.uk/statistics/banking-sector-regulatory-capital/2019/2019-q4)

The Bank's Financial Statement for 2019 is available via Companies House Gibraltar or upon request.

Definition of Common Equity Tier 1 and Total Capital Ratio:

Common Equity Tier 1 covers the most obvious of equities a bank holds such as cash, stock, etc. The Common Equity Tier 1 ratio compares a bank's capital against its assets. Banks must maintain a minimum Common Equity Tier 1 of 4.5%.

Total Capital Ratio measure the amount of a bank's capital in relation to the amount of risk it is taking. All banks must ensure that a reasonable proportion of their risk is covered by permanent capital. Banks must maintain a minimum Total Capital Ratio of 8% + individually set requirements based on the banks business model. Source: www.fsc.gi/FSC/CreditInstitutions

Trusted Novus Bank Limited is regulated by the Gibraltar Financial Services Commission.