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Publication Of APS Bank’s Financial Results For 2022.pdf

APSB41.pdf
Preview of publication of APS Bank’s financial results for 2022
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📊 Size: 254 KB
📄 Pages: 4 pages
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APS Bank plc's Board of Directors approved the Group Annual Report and Audited Financial Statements for 2022, showing a pre-tax profit of €15.7 million, down from €24.1 million in 2021, while the Bank's pre-tax profit increased to a record €28.9 million. Net interest income grew 17.6% to €65.1 million, driven by expansion of the loan book and improved spreads. Operating expenses increased 15.9% to €47.0 million, mainly due to employee compensation and benefits. The Group's cost-to-income ratio deteriorated to 72.7%, while the Bank's improved to 61.5%. Total assets grew 11.3% to €3.11 billion, and total equity increased to €261.5 million. The Directors are recommending a final gross dividend of 2.68 €cents per ordinary share.

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APS Bank plc's Board of Directors approved the Group Annual Report and Audited Financial Statements for 2022, showing a pre-tax profit of €15.7 million, down...

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  • File Size: 254 KB
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  • Language: EN
  • Total Downloads: 238
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