Record profits ‘confirm APS on the right trajectory’ – Chairman Martin Scicluna

APS Bank’s record performance in the first half of 2026 “confirms the Board’s confidence that we are on the right trajectory,” said Chairman Martin Scicluna in a meeting with stockbrokers and media to present the bank’s interim results.

“The momentum achieved so far reinforces the belief in our strategy, as one that will continue to deliver positive outcomes in the months ahead,” he said.

APS Bank more than doubled its interim dividend payout after a standout six months that saw its profit before tax increase by 263 per cent.

“These results are not the product of some exceptional short-term measure or one-off event, but the outcome of prudent management, ongoing transformation and an unwavering commitment to putting our customers first,” said CEO Marcel Cassar.

“The strength and scale of this performance does not come as a surprise but is aligned with our ambitious objectives of increasing our share of market and wallet across all business lines, firming up profitability and improving efficiency, including in the use of capital and liquidity.”

The CEO continued: “It is also appropriate to reflect on our growing importance as the second largest lender to the domestic economy, and the responsibility to support local and international enterprise with more scale, products and efficient delivery.

“At the same time we must keep diversifying our markets and sectors, increasingly mindful that Malta’s economic model is not immune from geopolitical risks and also has sustainability challenges that need to be taken seriously.”

Group assets stood at €4.8 billion, representing an increase of 3.2 per cent compared with December 2025. The main drivers of growth were the retail and corporate loan portfolio, which expanded by a net €252.9 million, or 7.5 per cent, since December 2025.

Customer deposits increased by €107.8 million during the first half of 2026, reflecting continued growth in the bank's funding portfolio.