Annual Report of Euram Bank 2019

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The business development in the two divisions of “Private Banking / Real Estate Financing” and

“Asset Management” was highly satisfying in the past fiscal year. In the Private Banking / Real

Estate Financing division, lombard and real estate financing were still in demand in the 2019

fiscal year, apart from checking accounts, investments in mutual funds, stocks and bonds as well

as payment transactions; additionally, repurchase transactions were concluded with selected

customers. Accordingly, in this division, the budget targets for the 2019 fiscal year were again clearly

exceeded. Based on the conservative investment approach that has been pursued for years

now, the Asset Management division managed again to achieve a positive performance

of Euram Bank’s mutual funds.

As at 31 December 2019, the total assets of Euram Bank amounted to EUR 458.1 million, thus

exceeding the previous year’s figure (EUR 324.4 million as at 31/12/2018) by EUR 133.7 million

or 41.2%. The individual items have developed as follows:

Cash reserves decreased by EUR 2.8 million to EUR 87.6 million (EUR 90.4 million as at

31/12/2018), debt instruments issued by public authorities decreased by EUR 2.2 million to

EUR 32.6 million (EUR 34.8 million as at 31/12/2018). Loans and advances to credit institutions

increased by EUR 6.4 million to EUR 28.6 million (EUR 22.2 million as at 31/12/2018). Loans

and advances to customers increased by 23.7% or EUR 23.8 million to EUR 148.0 million

(EUR 124.2 million as at 31/12/2018). The increase was mainly due to the conclusion of repurchase

transactions. Bonds and other fixed-interest securities increased by EUR 105.9 million to

EUR 153.3 million (EUR 47.4 million as at 31/12/2018). The increase is due to the buildup of

unencumbered high-quality liquid assets (HQLA). Stocks and other non-fixed interest securities

decreased only slightly by 0.4 million to EUR 2.6 million (EUR 3 million as at 31/12/2018). The item

“shares in affiliated companies” remained unchanged at EUR 159 thousand (EUR 159 thousand

as at 31/12/2018). Other assets increased by EUR 1.0 million to EUR 2.2 million (EUR 1.2 million

as at 31/12/2018). Deferred taxes amounted to EUR 1.0 million (EUR 0.2 million as at 31/12/2018).

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