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Upgrading The Visual Elements

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Title: Upgrading The Visual Elements


1
APS Bank Limited (Malta) 11th April 2007
2
Contents
  • Introduction
  • About Malta and its Banking Sector
  • The Banks Origins and its Historical Development
  • The various initiatives of the Church in Malta
  • APS Bank how it fulfils its mission
  • Can we strengthen our links?

3
Introduction
  • It is a privilege and a pleasure to have been
    given the opportunity to participate in this
    conference
  • We wish to start by giving you a better idea
    about Malta
  • Our mission is to support the initiatives of the
    Church in Malta
  • As one would expect the Bank also derives
    inspiration from the parable of talents

4
About Malta
  • Independent since 1964
  • EU member since 2004

5
About Malta
  • Malta is made up of an archipelago of three
    islands, namely, Malta the largest, Gozo, and
    Comino.
  • All these together have a total area of 316
    square kilometers
  • The total population is of about 400,000 of which
    380,000 live on Malta and the rest in Gozo
  • 98 of the population is Roman Catholic

6
About Malta
  • The islands are rather dry, with temperatures
    ranging between 10oC in winter and 32oC in
    summer.
  • Average annual rainfall is of 600mm.

7
Demographic Statistics
8
Economic Indicators
Main Economic Sectors Tourism Public
Administration Services Information
Technology Construction
9
Maltese Banking Sector
  • In total 18 licensed Banks
  • 5 Retail Banks HSBC, BOV, APS, Lombard,
    Volksbank
  • 13 other Banks overseas oriented
  • Local Retail Banking dominated by two big banks
  • Global Bank (HSBC) and another Local Bank who
    between them service 90 of the market
  • Regulated by Malta Financial Services Authority

10
The Banks Origins
  • Appostolato della Preghiera
  • Set up in 1910 by Jesuit Fr. Michael Vella
  • Initiatives included
  • A Savings Bank s Mutual Benefit Scheme
  • A Printing Press
  • A Recreational Club
  • An Emigration Bureau
  • Evening school and classes for craftsmen
  • Various Schemes to help the poor

11
Historical Developments
  • 1991 Commercial Banking started
  • 1990s Opening of four new branches
  • 2000s Opening of two other branches
  • Today the bank has Regional Presence in Malta and
    Gozo
  • Is investing heavily in alternative distribution
    channels
  • The Church in Malta increased its financial
    support to the Bank

12
Financial Performance
As At 31 December 2005 Deposits EUR
490.8m Loans Advances to customers EUR
212.8m Investments EUR 280.9m Operating
Income EUR 15.9m Profit before tax
EUR 7.3m Number of Employees
190 Number of Branches
6
13
International Participation
  • Membership of European Banking Federation through
    its active involvement in the Malta Bankers
    Association
  • Linkages to specialised banks in the following
    areas
  • a) Sports,
  • b) Old peoples homes, and
  • c) Artisans and SMEs
  • Other correspondent banks in main international
    financial centres
  • FEBEA

14
Churchs Preaching Into Practice
  • Barred by its own statute not to participate in
    commercial activities that do not reflect the
    teaching of the Catholic Church
  • Create an institution that will enhance human
    welfare in the context of sustainable development
  • The licence to operate commercially implies an
    ability to bring about sectoral changes in the
    interest of the whole community

15
Churchs Preaching Into Practice
  • Implementing its basic philosophy of supporting
    sectors considered a priority from a social
    aspect
  • Sector 1 Accommodation
  • Advantageous financial packages for the
    acquisition of homes
  • Sector 2 Agriculture Fisheries
  • Facilitated Cash Flow Management
  • Specific financial product to stimulate
    investment in waste mgt.
  • Encourage discussion of basic issues in
    collaboration with government institutions and
    FAO
  • Setting up of an Advisory Arm

16
Churchs Preaching Into Practice
  • Implementing its basic philosophy of supporting
    sectors considered a priority from a social
    aspect
  • Sector 3 Sports
  • Acting as link between experts and developers to
    ensure that investment is sustainable
  • Sector 4 Crafts and SMEs
  • Linking up to specialized banks in the field not
    only giving financial advice but also give
    advisory support

17
Churchs Preaching Into Practice
  • Various initiatives taken during 2005
  • Mortgage interest rate reduced to relieve
    families from financial pressures
  • Sponsored a number of voluntary organisations
    with social, environmental and a sports objective

18
Ongoing Initiatives
  • Organises an Annual Concert of Sacred Music
  • the latest one of Maltese 19th Century composers
  • 4th in the series
  • Organises a Conference on the Development of
    Agriculture and Fisheries in conjunction with FAO
  • 6th in the series
  • Supports publications of literary works written
    in Maltese

19
Providing Advice
  • Supporting the Churchs other institutions both
    financially as well as by making available expert
    advice in the different operations
  • Earning the financial resources it requires to
    keep on fulfilling its role

20
Can We Strengthen Our Links?
  • We certainly think so
  • We are banks that share a similar philosophy
  • However, we use different means to achieve our
    objectives
  • Possible Initiatives
  • Reciprocal support and exchange of experience an
    expertise
  • Staff member attachments / secondments / training
  • The undertaking of projects jointly
  • Collaboration in financing Church related
    initiatives
  • Pan-European association of Christian Banks

21
Conclusion
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