The APS Group has increased its operating profit before impairment, reversals and provisions increased from €12.2 million in 2013 to €14 million in 2014, chairman Emanuel P. Delia told the annual general meeting today.

Depositors’ funds reached €896.7 million while customer lending grew from €563.3 million in 2013 to €637 million in 2014.

These results are currently being evaluated in the context of its current 2013-2015 business plan and the charting out of its successive 2016-2018 three-year programme. It had to be ensured that all stakeholders received effective services, were treated fairly, and got a reasonable return on capital. 

The AGM heard that it was an encouraging year for APS Funds SICAV plc with assets under management increasing from €49.9 million to €68.7 million.

As for APS Consult Ltd, it was evaluating its future role, based on past experience and the emerging scenarios in the sectors in which it was active, namely, agriculture and fisheries, welfare and sports.

The bank consolidated its presence in the localities it entered in recent years and embarked on a significant project that would ensue in the overhaul of its information technology systems.

Coupled with a prudent dividend policy and an expanding capital base, such projects would enable the bank to face the future with confidence.

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