News Details

APS Bank launches new loan product for Church Schools

05/08/2020

 

APS Bank launches new loan product for Church Schools

 

APS Bank, in conjunction with the Foundation for Church Schools, has launched a new product targeted at supporting schools falling within the scope of the Foundation. It consists of a financing package to assist with refurbishments or upgrades of facilities, such as gyms, technology and science laboratories, libraries, canteens, classrooms and playgrounds. The ‘APS Church School Loan' offers multiple competitive features including an improved interest rate, repayment terms and fees, available for the next five years.

Fr Charles Mallia, Episcopal Conference Delegate for Church Schools and Foundation for Church Schools secretary said, "Church schools are constantly investing and improving their education provision for the benefit of their students. This is thanks to the donations given by the parents. Such loans at a reduced rate will alleviate the burden of our schools especially when there are big projects. Thank you APS"

Anthony Buttigieg, Chief Banking Officer commented: "We are proud to be collaborating with the Foundation for Church Schools in the further development and upgrading of schools in Malta and Gozo to develop further. To us, this project is also a trial for potential future collaborations with other educational institutions."

Eligible schools are invited to visit apsbank.com.mt/church-school-loans for more information.

 

 

 

 

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APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.