APS Bank’s IPO: an investment opportunity of a century
As APS Bank approaches the market to raise equity capital for the first time in its 112-year history, CEO Marcel Cassar discusses the bank’s business model and how it has been driving its growth strategy. He also talks about the Bank’s philosophy and shares his views about banking in Malta, and how he sees APS Bank positioned in the financial sector. What differentiates APS Bank in the way it serves the community at large, engaging with its clients and maintaining their trust? The Bank owes its origins to Gozitan Jesuit Fr Michael Vella, who in 1910 brought together a group of professionals and merchants motivated by a desire to help the working classes, at a time when Malta barely had a welfare system and with the aim of encouraging savings habits amongst the population. More than a century later, our mission is still rooted in the community and in making the banking experience simple and accessible. Of course, it’s an entirely different world in which we are delivering the service today, but the fundamentals haven’t changed. What differentiates us are our values of authenticity, contemporary, excellence, passion, and inclusivity which we carry with us in a tiny, fold-out...