Tag: marcel cassar
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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 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…
