APS Bank plc has introduced the first Responsible Lending Policy (RLP) in Malta.

By building on practices already in place at the Bank, this policy aims to set clear and transparent criteria for evaluating loan proposals from an environmental, social, and governance (ESG) point of view.

The European Banking Authority (EBA) has issued guidelines on loan origination and monitoring that outline responsible lending standards for banks in Europe. The APS bank's ESG and Executive Committees have approved the implementation and distribution of a responsible lending policy (RLP) in line with these guidelines.

Giovanni Bartolotta, Chief Risk Officer at APS Bank, commented, “We are very proud to be at the forefront in terms of using ESG criteria when providing loans to our customers. As a Bank, sustainability is at the core of our business plan, and through this framework, we are now able to filter requests and effectively grade them to determine the level of compliance with the principles set out in the policy.”

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Source: APS Bank