Two-thirds of APS Bank’s €45 million rights issue already placed, CEO confirms

APS Bank CEO Marcel Cassar has confirmed that strong investor demand is driving progress on the bank’s latest capital raise, with “two-thirds of the €45 million of new equity we are raising being placed with existing shareholders and new investors.”

The Rights Issue, which opened on Monday (today), forms a central component of the bank’s capital strategy.

Mr Cassar described the take-up as a significant “vote of confidence” that supports the next phase of its development as “an increasingly first-choice provider of comprehensive financial services, with growing market share across various segments.”

The announcement came as APS Bank presented its unaudited financial results for the first nine months of 2025. Mr Cassar stated that the Group is “reporting one of the strongest quarterly operating and profit performances on record.”

Pre-tax profit at group level totalled €17.8 million for the nine-month period, compared to €16.5 million a year earlier. Profitability was driven by increased retail and commercial lending, stronger net interest margins, and steady fee income growth.

He highlighted that “the rebound in net interest income which started in 2Q2025 is indeed accelerating and is expected to strengthen going forward,” with the Bank maintaining competitiveness while continuing its transformation programme.

Profitability ambitions updated

Alongside the equity raise, the CEO also communicated a clear performance trajectory for the coming months. “These results also confirm a pick-up in profitability which we are confident of maintaining and improving in the months ahead,” he said, adding that the Bank is “aiming for €9 to €10 million pre-tax profits per quarter.”

According to Mr Cassar, the Bank is committed to balancing growth with prudent risk management: “We continue to do all this while remaining competitive, invested in our ongoing transformation, and in introducing new products and digital channels, all along enriching the overall customer experience.”