Tag: APS Bank
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APS Bank makes higher revenues this year
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…
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APS Bank announces improving revenue but also increased costs in first quarter results of 2025
APS Bank has released its results for the first quarter of this year, indicating an uptick in revenues compared to the same period last year. Revenues and profits for the bank decreased in 2024 compared to 2023. The total revenue announced by the bank is at €32 million with €29.6 million in interest income, up to…
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APS Bank’s CEO Marcel Cassar goes on the offensive after withdrawing bid for HSBC Malta
Following the withdrawal of APS Bank’s bid to acquire HSBC Malta, the bank’s CEO, Marcel Cassar, has launched a PR offensive to justify the decision. The decision to withdraw may have cost the bank up to €2 million in fees according to press reports. In several statements made to the press including during a briefing…
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APS Bank withdraws offer to buy HSBC Malta
In a statement issued through the Church’s media network, APS Bank has announced it has withdrawn its bid to buy HSBC Malta. APS Bank is blaming its decision on due diligence after it was granted access to HSBC Malta’s internal data. HSBC Malta is more than twice the size of APS Bank and many professionals…
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APS Bank says it has been given access to internal data of HSBC Malta
Ina statement released earlier today, APS Bank announced that it has been granted access to internal data of HSBC Malta in order to conduct its due diligence process as part of its bid for the bank. Separately, in a press report, Times of Malta announced that the foreign entity that submitted a bid for HSBC…
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HSBC Malta says it has no satisfactory offers right now
In a statement posted publicly earlier today, HSBC Malta said that it has received no satisfactory offers for the sale of the bank after APS Bank submitted a bid. The sale is being adjudicated by HSBC Malta’s major shareholder, HSBC Continental Europe. Sources in the finance industry that spoke to this website said that a…
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APS Bank’s profits fall by 20% in 2024: still wants to buy HSBC Malta
APS Bank has declared a 20% decline in its profits for 2024 compared to the previous year despite the fact that other local banks are hitting record profits and revenues. Profits were weighed down by a reduction in net interest income going down by about around 11% from €73.6 million in 2023 to €65.5 million…
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Several buyers interested in acquiring HSBC Malta: APS Bank submits bid
HSBC Bank Malta is set to to be sold off as it convenes an Extraordinary General Meeting to discuss various offers it has been submitted to it. APS Bank has also issued a statement declaring that it submitted a bid to buy 70% of the bank’s shares from HSBC Holdings. HSBC Continental Europe has instructed…
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APS Bank posts lower earnings than 2023 for Q3: bank still has no direction and can’t explain what is doing
APS Bank has posted poor earnings yesterday for its third quarter of this year despite its grand ambitions to buy up HSBC Malta. Pre-tax profit for Q3 stood at €14.8 million, down from €23.6 million last year. The bank recorded decreasing profits from its lending activities in the backdrop of decreasing interest-rate environment. It made…
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Yesterday’s news: Maltese businesses don’t want to use Maltese banks
This provides more context on why APS Bank should not buy HSBC Malta. Small businesses in Malta are so desperate to avoid Maltese banks, that they are making use of mobile applications for their banking services. Of course, Revolut is not a bank aimed for business but the situation is so dire that people are…
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APS Bank has an Austrian banker on its board who works for Russian banks
This is who HSBC is dumping us on: rent-seekers, Labour government allies, Catholic conservatives, pseudo-business people and even Russian associates. This is Martin Czurda. He was appointed to the board of APS Bank just this month. Martin Czurda has an extensive experience working for Russian banks and is currently also working for Cypriot banks in…
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Ripping off customers, as usual
Bank of Valletta is run like a government department by political appointees and a board of directors with no skin in the game. Lately, Bank of Valletta has survived by extracting value from its shareholders and after botching the Deiulemar case, Bank of Valletta is burning even more of its capital simply to add to…
