APS Bank reported a pre-tax profit of €5.80 million last year and its assets increased to €668.73 million.

Chairman Emanuel Delia said the results were all the more significant as they were achieved during a period of unprecedented global economic upheaval and financial market instability. The bank had remained focused on its core activities while capitalising on opportunities albeit, consistently, retaining prudent risk management practices.

Last year saw the re-opening of a completely reconstructed and enlarged branch in Gozo and the opening of new service delivery outlets in Qormi and Birkirkara.

APS Bank also saw significant developments involving two of its subsidiaries. While APS Consult Limited strengthened its capital base and expanded the services it offered in various sectors, APS Funds SICAV plc successfully launched its first income fund.

Prof. Delia said the bank continued with its various community-oriented initiatives in the cultural, educational and sport related areas. This year the bank will open its centralised offices and a branch in Swatar.

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