Sparkasse Bank Malta plc announces that its Audited Financial Statements for the financial year ended 2024 have been formally approved by the Board of Directors and are now available to the public.
The audited results reflect a year of strong financial and operational performance, underpinned by continued growth in the Bank’s core services and prudent financial management. The financial statements confirm:
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 €13.1M from profits and accumulated retained earnings into the Bank’s share capital. This reinvestment (subject to the MFSA’s approval) shall increase the Bank’s issued share capital to €61.3M and positions the Bank to further support its expanding client base, enhance operational resilience, and pursue new business opportunities within its core markets.
The Audited Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and audited by PWC Malta.
The full set of financial statements, including the Independent Auditors’ Report, can be accessed via the Bank’s website here.
The audited results reflect a year of strong financial and operational performance, underpinned by continued growth in the Bank’s core services and prudent financial management. The financial statements confirm:
- Continued robust profitability, with profit before tax of €14.6M;
- Total assets exceeding €1B, reflecting increased client activity and balance sheet strength;
- Continued improvement in key performance indicators, including capital adequacy and liquidity ratios.
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 €13.1M from profits and accumulated retained earnings into the Bank’s share capital. This reinvestment (subject to the MFSA’s approval) shall increase the Bank’s issued share capital to €61.3M and positions the Bank to further support its expanding client base, enhance operational resilience, and pursue new business opportunities within its core markets.
The Audited Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and audited by PWC Malta.
The full set of financial statements, including the Independent Auditors’ Report, can be accessed via the Bank’s website here.
