Chiara Bianchi
AMINA Bank AG, formerly known as SEBA Bank AG, has delivered its strongest financial performance to date, reporting a 69% year-over-year revenue jump to $40.4 million in 2024, according to its May 28 press release.
The Zurich-based digital asset bank also revealed that assets under management (AUM) surged by 136%, reaching $4.2 billionโa milestone fueled by growing institutional interest and an expanding international footprint.
CEO Franz Bergmueller praised the bankโs achievement, highlighting that AMINA achieved quarterly profitability in Q4 2024, marking a key turning point for the institution.
Bergmueller attributed the success to the bankโs multi-jurisdictional regulatory presence, round-the-clock trading platform, and an impeccable five-year track record of zero loan defaults.
$801 Million in Net Asset Inflows and Derivatives Boom
During 2024, AMINA added $801 million in net new client assets, further underlining its rapid expansion. Revenue from crypto derivatives climbed 40%, signaling increased interest from clients seeking sophisticated digital asset hedging tools.
The bank also invested heavily in developing its own proprietary digital platform, designed to serve B2C, B2B, and B2B2C customers. Scheduled for launch later this year, the platform will feature API-based architecture to handle scalable, cross-border demand.
Financial Strength Deepens With Capital and Liquidity Improvements
CFO Mike Foy emphasized AMINAโs improved capital structure, stating that the liquidity coverage ratio rose to 228% in 2024, up from 219% the previous year.
Additionally, the bankโs CET1 capital ratio hit 34%, more than double the regulatory minimum, even amid rising risk-weighted assets due to its aggressive growth strategy.
International Business Skyrockets in Abu Dhabi and Hong Kong
AMINAโs global strategy is clearly paying off. Revenue from Abu Dhabi operations increased 150%, while income from Hong Kong soared 570% year-over-year. The bank now plans to grow its B2B2C partnerships to 30 by the end of 2025, up from nearly 20 today.
Licensed by regulators in Switzerland (FINMA), Abu Dhabi (FSRA), and Hong Kong (SFC), AMINA was originally founded in 2019. The firm rebranded from SEBA Bank to AMINA in December 2023, signaling its transition to a hybrid finance model blending traditional banking with crypto innovation.
In November 2023, St.Galler Kantonalbank, one of Switzerlandโs largest financial institutions, partnered with AMINA to offer digital asset custody and brokerage services to its clientsโcementing AMINAโs role as a frontrunner in regulated crypto finance.
