Notwithstanding the challenging economic and financial environment, APS Bank Group continued its growth trajectory in 2015 as it registered a record pre-tax profit of €15.6 million, an increase of 22 per cent over the previous year.

This performance is the result of improvements in the main sources of bank income as well as a stronger contribution from the APS Funds SICAV. Deposits and credit activity also continued to grow, by six per cent and 11 per cent respectively. The group has total assets in excess of €1.1 billion and equity of €117.8 million.

Key figures

Profit before tax:
€15.6 million(2014: €12.8 million)

Operating income:
€31.7 million(2014: €28.3 million)

Net interest income:
€25.6 million(2014: €22.1 million)

Cost to operating income ratio:
54.2%(2014: 54.7%)

Net loans & advances to customers:
€695.8 million(2014: €623.6 million)

Amounts owed to customers:
€942.9 million(2014: €892.8 million)

Solvency ratio:
16.69%(2014: 17.5%)

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