APS Bank was incorporated as a company 50 years ago today

Published by
The Malta Business Weekly

Today marks the 50th anniversary of the incorporation of APS Bank as a private limited liability company.

On 1 June 1970, the Apostleship of Prayer Savings Bank Limited was constituted under Malta’s Commercial Partnerships Ordinance with a share capital of 100,000 pounds, registered in the name of His Grace the Archbishop on behalf of the Archdiocese of Malta.

Although the bank had been in operation since 1910, corporate formation was a requirement under the new Banking Act of 1970 in terms of which banks doing business in Malta were to be licensed.

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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