Black Banx Group - Third Quarter 2025 Results
Road Town, British Virgin Islands--(Newsfile Corp. - October 30, 2025) - Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.Black BanxTo view an enhanced version of t
2025-10-30 6:39 AM EDT
Black Banx Reports USD 1.5 Billion Pre-Tax Profit in Q2 2025 amid Ongoing Strategic Expansion
Road Town, British Virgin Islands--(Newsfile Corp. - July 28, 2025) - Black Banx today reported a pre-tax profit of USD 1.5 billion for the second quarter of 2025, slightly down from the record USD 1.6 billion in Q1 2025 but significantly above the USD 1.3 billion achieved in Q4 2024. The Group's Q2 revenues totaled USD 4.1 billion, driven by continued customer acquisition, high transaction volumes, and strong platform usage across global markets.
2025-07-28 10:51 AM EDT
Black Banx Reports USD 1.6 Billion Pre-Tax Profit in the First Quarter of 2025
Road Town, British Virgin Islands--(Newsfile Corp. - April 30, 2025) - Black Banx today announced a first-quarter 2025 profit before tax of USD 1.6 billion, more than doubling the USD 639 million reported in Q1 2024. The Group also posted record quarterly revenues of USD 4.3 billion, driven by sustained client growth, higher platform activity, and further operational efficiencies powered by artificial intelligence. The cost/income ratio improved to 63%, compared to 69% in Q1 2024 and...
2025-04-30 7:26 AM EDT
Black Banx Reports First Nine Months of 2024 Profit Before Tax USD 2.3 Billion
Road Town, British Virgin Islands--(Newsfile Corp. - October 30, 2024) - Black Banx announced a profit before tax of USD 892 million for the third quarter of 2024, or a combined profit of USD 2.3 billion for the first nine months of 2024.Black BanxTo view an enhanced version of this graphic, please visit:
2024-10-30 9:38 AM EDT
Black Banx Reports USD 639 Million Pre-Tax Profit and USD 2.1 Billion Revenue in the First Quarter of 2024
Toronto, Ontario--(Newsfile Corp. - April 29, 2024) - Black Banx today announced a first-quarter 2024 profit before tax of $639 million. Results were positively impacted by higher revenues of $1.6 billion generated by the implementation of fixed monthly account maintenance fees for its 45 million customers. Black Banx's target ratios improved compared to 2023. The cost/income ratio improved to 69%, from 87% in the prior year.The group generated net revenues of $2.1 billion, up 268% in comparison to the fourth...
2024-04-29 10:51 AM EDT
Black Banx Announces Continued Expansion and Innovation in Global Fintech Landscape
London, United Kingdom--(Newsfile Corp. - March 25, 2024) - Black Banx, a leading global digital banking platform, announces its continued commitment to expanding its services and driving innovation in the fintech industry. This announcement comes amidst a backdrop of significant growth for the global fintech sector, fueled by strong customer demand and the desire for increased financial inclusion.
2024-03-25 9:23 AM EDT
Black Banx Reports Continued Growth and Expansion Plans for the Middle East and Africa
Toronto, Ontario--(Newsfile Corp. - March 4, 2024) - Black Banx Group, a leading global digital banking platform, today announced continued growth and expansion plans for the Middle East and Africa (MEA) region.Black Banx GroupTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10055/200328_blackbanx.jpgThi
2024-03-04 9:22 PM EST
Black Banx Reports 2023: USD 2.3 Billion Revenue, USD 289 Million Pre-tax Profit
Toronto, Ontario--(Newsfile Corp. - January 28, 2024) - In 2023, Black Banx Group generated a total of $2.3 billion in revenue and increased its annual pre-tax profit to $289 million. The 2023 results reflect a 109% year-on-year increase on revenue, 62% increase on pre-tax profit and a 95% increase of total number of customers to 39 million, over 2022.Black Banx Group
2024-01-28 11:22 AM EST
Black Banx Reports 33 Million Customers, USD 158 Million Pre-Tax Profit and USD 1.5 Billion Revenue, Outperforming Strategic Targets in the First Nine Months of 2023
Toronto, Ontario--(Newsfile Corp. - October 17, 2023) - Black Banx Group, the global financial institution, has surpassed 33 million retail customers and generated USD 158 million profit before tax with USD 1.5 billion revenue in the first nine months of 2023. The highest profit and revenue since the group's incorporation in 2015.Black Banx Group announced its third quarter results covering the first nine months of 2023. Besides having surpassed 33 million retail customers, the Group is currently onboarding more than...
2023-10-17 6:25 AM EDT