- Profits of 2.5 million euros show a very positive evolution compared to the 0,6 million euros in 2023.
- The net operating income was 12.1 million euros in 2024.
- Assets under management amounted to 3.3 billion euros.
- Tier 1 Common Equity ratio stood at 37.4%, one of the highest in the European banking sector.
Lisbon, 10th April 2025 – Bison Bank, a Portuguese bank specializing in wealth management and investment banking services, announced its financial results for 2024 on Thursday. The bank posted a net profit of 2.5 million euros, compared to 0,6 million euros in 2023, showing that it continues to evolve very positively, despite the high challenges posed by geopolitical uncertainties and the adverse macroeconomic environment.
The business evolved robustly in 2024, with a 42% growth in the net banking income to 12.1 million euros, more than 4,300 clients and 3.3 billion euros in assets under management.
The main components of the evolution of the net operating income were customer commissions and net interest income, which reached 4.6 million euros and 7.6 million euros in 2024, respectively.
At the same time, Bison Bank recorded an increase in its balance sheet and maintained robust solvency levels. As of December 2024, the Bank’s total assets and customer deposits stood at 406 million euros and 352 million euros, respectively. The Tier 1 Common Equity ratio was 37.4%, one of the highest in the European banking sector.
“Bison Bank has clearly reached a stage of consolidation. We managed to achieve sustainable positive results in a highly competitive market, which is significant for a young and innovative bank like Bison” says António Henriques, CEO of Bison Bank. “Growth in all key metrics was impressive: we tripled the customer base, tripled the volume of transactions and quintupled assets under management. The diversification of the asset offer and strategic partnerships, such as with Fireblocks and Circle, demonstrate the maturity of the business model and the reduction of operational risks.”
The good results don’t end there: its wholly owned subsidiary Bison Digital Assets (BDA), the first Virtual Asset Service Provider (VASP) licensed by the Bank of Portugal, recorded positive results for the first time in 2024, just two years after launch, with 130 million euros in trading volume and more than 150 high net worth institutional and individual clients, which represents a threefold increase compared to 2023.
In 2024, Bison Bank strengthened its position as a leader in financial innovation with two important developments: the integration of operations with stablecoins, in a partnership with Circle, which enabled more agile and secure transactions, and the launch of the Bison Card in partnership with Visa and Minsait (now Nuek), which offered customers an innovative and affordable digital payment solution.
BDA also announced the integration into Fireblocks, an enterprise platform that manages digital asset operations and enables the building of innovative blockchain businesses, and the availability of two new tokens: EURC and Solana (SOL).
About Bison Bank: Bison Bank, S.A. is a Portuguese bank with Asian DNA, particularly focused on providing a wide and specialized range of Wealth Management, Custody and Investment Banking services to individual and institutional clients, leveraged on a strategic link between the European market and other global markets. The Bank is headquartered in Lisbon and leverages the development of its business activities with global reach, through its strong presence in Europe, as well as through its international partners.
About Bison Digital Assets: Bison Digital Assets is the first virtual asset service provider licensed by the Bank of Portugal and wholly owned by a Portuguese bank. The aim of Bison Digital Assets is to bridge the gap between digital currency and the traditional financial world through a secure and regulated environment. This is a virtual asset platform for individuals and institutions that is owned by Bison Bank and offers a reliable platform for this new asset class. The product offering consists of Digital Asset Custody and Exchange.