MARCEL CASSAR

As the new year fast approaches, business leaders, decision-takers, senior management and organisations across the country are turning their attention to setting their goals, strategies and plans for 2023.

Indeed, APS Bank’s Board of Directors and Senior Management have done just this at a recent event held at the Marriott Hotel & Spa in St Julians, where they met to discuss the new business plan for 2023-2025.

In a statement, the bank shared that it was a day-long event organised by the strategy team and was the culmination of the annual business planning cycle which started in July and included various presentations followed by interactive discussions.

Rounding off the event, APS Bank CEO Marcel Cassar poignantly remarked that:

“Any good business plan should be about having fulfilled employees, satisfied customers and happy shareholders. The challenges are many, but we will continue to work hard focusing on our strategic priorities while refining along the way.”

For the local banking sector, the first two elements Mr Cassar pointed out with regards to a good business plan, that of fulfilled employees and satisfied customers, are particularly challenging.

On the fulfilled employees front, challenges persist that are not related to the banking sector specifically. Since the pandemic, sectors across the country have faced massive HR shortages, including skilled staff, which can lead to burn out for existing team members.

On the satisfied customers front, residents of Malta have long decried the service provided by local banks. Due to a combination of hefty, swift and stringent regulatory requirements that have been levied on the sector over the past years, customers often challenge the level of due diligence required of local banks.

Related

Alison Micallef takes on CEO duties at Malta Development Bank

30 June 2025
by Nicole Zammit

The news comes as Paul V. Azzopardi, who led the institution for five years, retires.

Moneybase strengthens board with appointment of banking veteran, Mark Watkinson

12 June 2025
by Lyndsey Grima

He brings nearly four decades of experience in the financial services sector including serving as CEO of HSBC Malta Ltd.

‘Our commitment remains steadfast’ – BOV Chairperson Gordon Cordina

29 May 2025
by Nicole Zammit

He stresses that BOV’s future growth will be supported by ambitious digitalisation efforts, robust risk and compliance integration, and the ...

STMicroelectronics’ Anton Hofmeister highlights new phase of Singapore lab-in-fab collaboration

26 May 2025
by Nicole Zammit

The initiative focuses on developing environmentally friendly, lead-free piezoelectric materials and creating miniaturised, cost-effective sensors and actuators.