AMINA Bank AG, a leading Swiss crypto bank formerly operating as SEBA Bank AG, has reported a record-breaking performance in 2024, driven by strong institutional demand, a surge in crypto assets, and international expansion.
Revenue Jumps 69% to Hit $40.4 Million
According to its May 28 financial update, AMINA Bank’s annual revenue soared 69% year-over-year, reaching $40.4 million.
“Quarterly profitability in Q4 2024 was a pivotal milestone,” said CEO Franz Bergmueller, praising the team’s focus and execution.
The surge reflects growing confidence in regulated crypto banking services and successful strategic positioning.
AUM Rises 136% to $4.2 Billion
The bank’s assets under management (AUM) doubled, rising 136% to $4.2 billion.
Institutional interest and a multi-jurisdictional footprint were cited as the primary growth drivers, alongside 24/7 trading and a lending portfolio with zero defaults over five years.
$801 Million in New Assets and 40% Derivatives Revenue Growth
In 2024 alone, AMINA added $801 million in net new assets.
Additionally, derivatives revenue surged 40%, fueled by rising demand for crypto-based risk management among professional clients.
Digital Platform to Power B2B and B2C Expansion
The bank is also investing in its proprietary digital platform, designed for B2C, B2B, and B2B2C markets.
Set to launch later in 2025, it will feature API-based infrastructure to meet increasing global demand.
Strong Capital Ratios Reflect Solid Financial Health
CFO Mike Foy highlighted a liquidity coverage ratio of 228%, up from 219% in 2023.
The CET1 capital ratio stands at 34%, more than double the regulatory minimum, showing resilience even as risk-weighted assets increase.
Global Revenue Skyrockets: Abu Dhabi +150%, Hong Kong +570%
International expansion continues to pay off, with Abu Dhabi revenue up 150% and Hong Kong revenue rising 570% year-over-year.
The bank plans to onboard 30 B2B2C partners by end of 2025, up from nearly 20 today.
Licensed and Trusted Across Financial Hubs
Founded in 2019, AMINA holds licenses from FINMA (Switzerland), FSRA (Abu Dhabi), and SFC (Hong Kong).
The rebranding from SEBA to AMINA on Dec. 1, 2023, marked a strategic shift toward integrating traditional finance with digital assets.
In late 2023, AMINA partnered with St.Galler Kantonalbank, enabling digital asset services for one of Switzerland’s largest banks.