APS Bank has completed the process to convert from ‘limited liability company’ (“Ltd”) to a ‘public limited company’ (“plc”). Following the resolution passed at the 2018 Annual General Meeting adopting new Memorandum and Articles of Association, the date of April 1, 2019 was selected for the conversion.

The change in designation does not affect the operations of the bank, nor does it change the authorisation status as a licensed credit institution, investment services provider and tied insurance intermediary.

CEO Marcel Cassar commented: “This conversion is another step in the Bank’s journey, paving the way for future development of our capital base.”