APS Bank plc - Withdrawal from bidding process

On 17 April 2025, APS Bank plc announced that it is withdrawing from the bidding process to acquire the 70.03% holding of HSBC Continental Europe in HSBC Bank Malta plc. APS explained that although the Board of Directors and Executive Team were optimistic about the potential acquisition, confidential information external to the due diligence exercise has caused APS to reconsider its participation in the sale process.

The Board noted that APS remains focused on growth and will be open to strategic opportunities that may arise, always guided by the highest standards of governance, transparency, ethics and financial rigour.