APS announces €26.5 million profit in 2025
'Recent global volatility has so far not affected the bank's performance': APS CEO
APS announced an increase in their annual profits on Thursday.
APS Bank Plc registered a pre-tax profit of €26.5 million last year – €2.7 million more than the company’s profit in 2024.
According to a company statement, the higher profit margin came from higher revenues and transaction volumes.
Interest coming from the bank’s clients who borrowed money rose by a fifth, amounting to €78.7 million, while a shift from fixed-term deposits to regular savings accounts (overnight deposits) meant the bank paid out less interest to its customers.
Operating costs increased last year after the bank increased its staffing and invested in several technology projects. Still, the bank’s cost-to-income ratio was at 70.7 per cent at the end of the year.
The bank’s total assets total €4.6 billion, and customer deposits stand at €4.1 billion.
The bank’s CEO Marcel Cassar said the tail end of last year “was one of our best quarters on record for both operating and profit results".
"We strengthened margins, expanded retail and commercial lending and increased revenue across every business line,” he said.
The first months of 2026 have shown similarly positive results, Cassar said.
Asked about international developments that include a war in Iran and missiles launched in the Gulf states, Cassar told Times of Malta that global volatility over the last 10 days has not affected the bank’s performance.
“We have long positioned ourselves not to have a certain amount of exposure in that part of the world. We have a relationship with Gulf banks, but we do not depend on them for funding, and we also do not have any loans over there.”
Cassar added that the bank had some “exposure” in the region, but added that this has been paid off.
“We do not know how long this will last, as we do not know the duration of the conflict. One still also has to see the effects of ‘shocks’ in the price of oil, as well as the effect this can have on inflation and interest rates,” Cassar said.
However, Cassar pointed to government statements that Malta will maintain the current energy prices through subsidies. This could help the situation in Malta remain stable, he said.