The Swiss Crypto Bank Amina Bank AG, formerly Seba Bank AG, reported financial results for 2024, with a revenue that climbed 69% year-to-year up to $ 40.4 million.
The bank also saw its properties under Management (AUM) increased by 136% to $ 4.2 billion, driven by institutional and strategic expansion demand, according to a May 28 News release.
The bank based in Zurich recognized the growth in the multi-hurt-from-footprint, 24/7 trading capabilities and a lending book that maintains zero default for five years.
“I am not proud of our team’s tenacity and focus, which led to quarterly profitability in Q4 2024, a pivotal milestone that confirms the value of our approach,” CEO Franz Bergmueller said.
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Amina added $ 801M to the property of 2024
During the year, Amina added $ 801 million to the net new owners. Income from derivatives increased by 40%, reflecting increased interest from clients looking for crypto -based risk management tools.
The bank also said it invested in the formation of a ownership of the digital platform last year, aimed at delivering a business-to-consumer (B2C), business-to-business (B2B) and Business-to-Business-to-Consumer (B2B2C) Clients.
The system, which is expected to launch later this year, will feature API -based infrastructure infrastructure to handle the increase in demand in markets.
Mike Foy, chief financial official at the Amina Bank, said the bank’s saillery ratio rose to 228% in 2024, from 219% in 2023.
“In addition, our CET1 capital ratio, which compares to a bank’s capital against weight -gaining assets, is more than twice as regulatory as 34%, despite increasing assets at weight -gaining risk as a result of our expansion,” Foy added.
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Amina’s international income grows
Amina also noted that its international income will continue to increase, with income from Abu Dhabi operations rising 150% year-year and Hong Kong posted 570% growth. The bank expects to kill 30 B2B2C partners by the end of 2025, from nearly 20.
Established in 2019, Amina was holding licenses from the Swiss Financial Market Supervisory Authority (Finma), Abu Dhabi’s Financial Services Regulatory Authority (FSRA) and Hong Kong’s Securities and Futures Commission (SFC).
Amina that -rebranded from Seba Bank On December 1, 2023, to highlight its move to the integration of traditional finances in digital and crypto services.
In November 2023, the St.Galler Kantonalbank of Switzerland, one of the largest banks in the country, Cooperated with then-branded seba To offer clients of its digital asset custody and brokerage services.
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