On Tuesday (today), APS Bank announced that its retail deposit book has now surpassed €3 billion while its retail lending book has reached €2 billion.

The retail deposit book refers to the collection of deposits that the bank holds from individual customers, as opposed to businesses or institutional clients. Banks use the funds in their retail deposit book to provide loans and other financial products.

In addition, the retail lending book represents the portfolio of loans that a bank has issued to individuals for mortgages, personal loans, credit card debt and auto loans etc.

This marks a substantial increase, as four years ago, APS Bank was celebrating reaching the €1 billion mark in its lending portfolio.

APS attributes these milestones to the “hard work of all the staff in the retail network and strategic focus on branch transformation.”

Aaron Mifsud, Head of Retail commented that the bank takes pride in these achievements, “which not only highlight our commitment to growth but also our unwavering focus on delivering exceptional value to our customers.”

APS Bank is one of the oldest banks on the islands and a leading provider of financial services, offering personal, business and investment solutions.