Sparkasse Bank Malta plc has announced its financial performance for the year ended 2024, reflecting a period of strong growth, prudent risk management, and continued confidence in the Bank’s long-term strategy.
In line with its commitment to sustainable development and strengthening its capital base, the bank announced that it shall – (subject to MFSA approval – reinvest a significant portion of its profits and retained earnings into its share capital.
For the reporting period, Sparkasse Bank Malta plc recorded:
- Operating Income of €30.4 million
- Profit Before Tax of €14.6 million
- Total Assets exceeding €1 billion, driven by growth in client activity and stable market performance
- Return on Equity (ROE) of 15.3 per cent, reflecting solid earnings and efficient capital management
In a move that underscores the bank’s prudent approach to capital strength and long-term growth, the shareholders of the bank have approved the reinvestment of €13.1 million from current year profits and accumulated retained earnings into the bank’s share capital.
This reinvestment (subject to the MFSA’s approval) shall increase Sparkasse Bank Malta’s issued share capital to €61.3 million and positions the bank to further support its expanding client base, enhance operational resilience, and pursue new business opportunities within its core markets.
Paul Mifsud, the bank’s Managing Director and CEO, commented: "The reinvestment of profits into our capital base reaffirms Sparkasse Bank Malta's long-standing commitment to financial stability, responsible growth, and delivering value to all stakeholders.
“We continue to build on our strategic vision and maintain a robust platform to support our clients’ evolving needs,” he said.
“Furthermore, the bank remains focused on strengthening its service offering across investment services, custody, and corporate banking while maintaining rigorous standards in governance, compliance, and risk management.”
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