Upgrading The Visual Elements

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APS Bank Limited (Malta) 11th April 2007
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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?

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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

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About Malta

• Independent since 1964
• EU member since 2004

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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

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About Malta

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

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Demographic Statistics
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Economic Indicators
Main Economic Sectors Tourism Public
Administration Services Information
Technology Construction
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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

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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

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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

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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
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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

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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

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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

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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

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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

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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

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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

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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

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Conclusion