Title: Upgrading The Visual Elements
1APS Bank Limited (Malta) 11th April 2007
2Contents
- 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?
3Introduction
- 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 -
4About Malta
- Independent since 1964
- EU member since 2004
5About 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
6About Malta
- The islands are rather dry, with temperatures
ranging between 10oC in winter and 32oC in
summer. -
- Average annual rainfall is of 600mm.
7Demographic Statistics
8Economic Indicators
Main Economic Sectors Tourism Public
Administration Services Information
Technology Construction
9Maltese 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
10The 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
11Historical 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
12Financial 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
13International 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
14Churchs 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
15Churchs 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
16Churchs 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
17Churchs 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
18Ongoing 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
19Providing 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
20Can 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
21Conclusion