Tag: banks
-
Beware of foreign banks that praise the Maltese economy
Soon, Malta is going to have two new bankers in town. CrediaBank is acquiring HSBC Malta and Creditas Bank is acquiring MeDirect. The new bankers taking over have praised the Maltese economy and said that they are looking forward to invest more capital in their new banks. Creditas CEO Jiřà Hrouda said that he really…
-
The massive comeback of blockbuster European banks
Europe had a very difficult year in 2025 but the overwhelming volume of Russian and Chinese propaganda online depict a very unrealistic picture of Europe. Russia wants Europeans to believe that Europe is weak, that it can never withstand a war against Russia and that the fabric of its society is under threat of collapse.…
-
Money laundered from the public hospitals concessions in Emirati banks went unchecked
We can never be sure of the extent of the money that has been siphoned off from the public hospitals concession because significant sums of money were laundered in banks in the Emirates. The Magisterial Inquiry is lacking in details about the money transfers in banks in the Emirates indicating there was no effort by…
-
Malta’s Central Bank chief urges vigilance amid economic shifts
At the Institute of Financial Services Malta annual dinner, Acting Central Bank Governor Alexander Demarco discussed Malta’s economic forecast, highlighting opportunities and risks as global inflation eases. Demarco pointed out that the European Central Bank (ECB) started to reduce policy rates in June, however monetary policy remains restrictive, with room for further cuts. Locally, Malta’s…
-
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…
-
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…
-
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…
