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- Amina Bank’s 2024 revenue rose 69% to $40.4 million.
- Assets under management jumped 136% to $4.2 billion.
- The bank doubled its banking revenue across global regions.
Amina Bank, formerly known as Seba Bank, has delivered its best financial results to date. In 2024, the Swiss crypto bank reported a 69% jump in revenue, reaching $40.4 million. It also saw its assets under management surge by 136% to $4.2 billion.
This achievement highlights its evolution to a global player in regulated crypto banking. The transition of the bank to a client-led model proved to be fruitful. It achieved the mark of quarterly profit by the close of the year. The achievement followed multiple years of expansion and investment in a growth direction.
The lending activities of the bank also posted an uninterrupted record of no defaults over five years. The firm’s such a consistently strong track record has earned the firm trust in a very unpredictable market. In addition to growth in finances, Amina Bank attracted $801 million in fresh assets.
Derivatives revenue rose by 40% owing to robust demand for risk management products. The statistics point towards an established institutional interest in crypto-backed financial products.
Tech-Driven Transformation at Amina
In 2024, Amina invested heavily in its technology infrastructure. With new management, the bank initiated the creation of a proprietary crypto-banking platform. It also crafted new desktop and mobile applications, all of which will be implemented this year.
The platforms are scalable and based on APIs. It enables the bank to accommodate a large number of clients ranging from institutions to individuals. It enhances the ability to integrate, enabling users to cope easily with changes in the market. With such a base, Amina is poised to be agile in an increasingly changing industry.
Strategic partnerships contributed further value. Through partnerships with companies in both Web3 and conventional finance, the bank extended its product scope. Those initiatives consolidated its place as a bridge between new and old financial frameworks.
Powering Crypto Banking Worldwide
The global presence of Amina also increased at a faster rate. In Abu Dhabi, year-over-year revenue from its operations rose by 150%. Revenue growth in Hong Kong was even more dramatic, increasing 570%. Each is an increasingly important hub for extending its global presence.
The banking institution is servicing almost 20 B2B2C partners, including prominent European private banks. It hopes to onboard 10 more by the year’s end. The move is proof of strong institutional interest in regulated cryptobanking. The capital base of Amina Bank is also strong. The latter’s liquidity coverage ratio rose to 228% and its CET1 capital ratio was 34%, way above the regulatory requirements.
These figures show that the bank laid a solid foundation for further growth even in turbulent market conditions. With effective management, advanced technology, and increasing global demand, Amina Bank begins 2025 as the market leader in regulated crypto banking.
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