APS Bank has picked up its pace of growth earlier this year and is continuing in line with its successful growth targets. According to its latest release, on a Group basis, operating income before net impairments rose to €64.825m for the first nine months of this year, to 30 Sep 2025, an increase of 11.7% or €6.78 million from €58.045 million figure of the same period in 2024. They also report net operating income up to €64.291m from €56.911m year on year.
Pre-tax profit increased from €16.5 million during the same period of last year to €17.8 million at Group level and €18.2 million at Bank level (€14.8 million for the same period of last year. Growth mainly came from an increase in net interest income increasing by 15.1% to €56.5 million from €49.1 million of last year. The Group’s total assets increased to €4.38 billion, up by €221.7 million from last year.
CEO Marcel Cassar announced that this was one of the bank’s strongest periods. The bank also announced a new €45 million equity issuance in line with its plans to grow its capital base in correspondence with its growth.
APS Bank is on a mission to expand and dilute the ownership of its major shareholder, the Archdiocese of Malta, to achieve further independence. Earlier this year, APS Bank tried to unsuccessfully acquire HSBC Malta. HSBC Malta has now been acquired by Credia Bank from Greece.
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