AMINA Bank Reports Record-Breaking 2024 Growth

Strategic Insights -

DeFi Technologies' venture portfolio company, AMINA Bank AG, has announced a significant increase in revenue and assets under management in 2024, reaching a revenue of $40.4 million and a growth of 69%, while its assets under management surged by 136% to $4.2 billion. The bank's quarterly profitability was achieved in Q4 2024, with zero defaults in its lending book over five years. AMINA Bank has established partnerships with Europe's largest private banks, with nearly 20 active B2B2C partnerships. The bank's Abu Dhabi operations grew revenue by 150% YoY, and Hong Kong by 570% YoY, with all jurisdictions experiencing a doubling of banking revenues. Looking ahead, AMINA Bank is set to launch a next-generation crypto banking platform and mobile experience in 2025.

Key Takeaways:

  • AMINA Bank recorded a revenue growth of 69% in 2024, reaching $40.4 million.
  • The bank's assets under management grew by 136% to $4.2 billion in 2024.
  • AMINA Bank achieved quarterly profitability in Q4 2024.
  • The bank has zero defaults in its lending book over five years.
  • AMINA Bank has nearly 20 active B2B2C partnerships with Europe's largest private banks.
  • The bank's Abu Dhabi operations grew revenue by 150% YoY, and Hong Kong by 570% YoY.
  • All jurisdictions experienced a doubling of banking revenues.
  • AMINA Bank plans to launch a next-generation crypto banking platform and mobile experience in 2025.
  • DeFi Technologies holds a 5.07% equity stake in AMINA Bank, having invested $27.35 million in the company's Series C fundraising round.
  • AMINA Bank operates from regulated hubs in Switzerland, Abu Dhabi, and Hong Kong, offering fiat and crypto services to progressive investors.

Statistics:

  • Revenue growth: 69% ($40.4 million)
  • Assets under management: $4.2 billion (136% increase)
  • Net new asset inflows: $801 million
  • Liquidity Coverage Ratio: 228%
  • CET1 capital ratio: 34%
  • Number of active B2B2C partnerships: nearly 20
  • Revenue growth in Abu Dhabi: 150% YoY
  • Revenue growth in Hong Kong: 570% YoY
  • Total number of jurisdictions with doubled banking revenues: all

Sources:

  • M2 EQUITYBITES-June 17, 2025-AMINA Bank Touts 2024 Growth

http://www.m2.co.uk