APS Bank CEO Marcel Cassar stressed that there are no plans for the closure of bank branches, in a company statement issued on Friday.

HSBC recently announced the closure of eight branches, in efforts to ramp up its digital efforts and reduce its physical presence.

In the wake of such announcements, Mr Cassar stated no similar plans are in the pipeline.

The CEO highlighted the Church-owned-bank’s commitment to adapting its branches to meet the changing needs of its customers, saying they now resemble modern living rooms more than traditional bank branches.

“We are a long-standing community bank and still believe in the importance of being physically present for our customers. We have ten branches in Malta and one in Gozo, allowing us good coverage – and we would consider adding a couple more.

“This is a small network by any measure.  Concurrently we are transforming our branches for the future needs of our customers, who will turn to their bankers increasingly for advice and counselling about their financial requirements. So our branches are looking more like modern living rooms with a range of spaces – from small private pods to larger meeting rooms,” he said.