CEO’s Notes

...there to serve the customer.

...there to serve the customer.

19/09/2017

In 1990 I wrote my first 'mission statement' for a bank. They were still coming into fashion then and over the years I came to dislike mission statements. Why such grandiose-sounding text to address a simple question: 'what is your main purpose'? My reply to that question is prompt and unequivocal...

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Reforming the MFSA

Reforming the MFSA

04/09/2017

Many of us lived through the evolution of the present MFSA from the original Malta International Business Authority (MIBA) of 1989... that was a time when only a handful other authorities existed in Malta.

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Green Roofs

Green Roofs

31/07/2017

On 20 July I attended the opening of a concluding Seminar on the Green Roof Project, held at the University of Malta. The 4-year project has been exploring the feasibility and best practices for green roofs in Malta.

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Should NPL targets be published?

Should NPL targets be published?

21/07/2017

The reduction of non-performing loans (or NPL) is one of the supervisory priorities set by the ECB for 2017. Hardly surprising, considering that these amounted to about €1 trillion for the significant banks in the Euro area.

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"What type of bank are you?"

13/07/2017

This is a question I often get asked about APS. So the 'AP' refers to the action-group who in 1910 decided to take the Church social agenda to the community. And the 'S' stands for their project of creating a savings institution which became a bank. Over the years APS developed very much like what in America they call an S&L, strong in home loans.

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Know your Customer, Lenny style

Know your Customer, Lenny style

05/07/2017

I spent summer of 1992 training at the Federal Reserve Bank of Atlanta and in Washington D. C., the latter experience made special by the excellent hospitality of Vince Cremona, the Maltese Chief of Protocol to Chairman Alan Greenspan.

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Welcome to my blog!

Welcome to my blog!

28/06/2017

This blog comes to life on 1 July 2017, exactly 18 months since I took over as CEO of APS Bank.

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APS Bank Ltd is licensed to undertake the Business of Banking and to conduct Investment Services business by the Malta Financial Services Authority and is enrolled in Tied Insurance Intermediaries List under the Insurance Intermediaries Act 2006