News entreprises
The European digital bank reports strong profits, sustained growth and innovation, and a firm commitment to sustainability.
Advanzia Bank, the European digital bank specialising in credit cards and Cards-as-a-Service (CaaS) solutions, reports an outstanding year, marked by strong financial performance, sustained growth and digital innovation. Advanzia continued to expand its customer base, reaching 2.8 million credit card clients, with a gross loan balance of EUR 3.6 billion and net profits reaching EUR 151 million (+54.8%).
In 2024, Advanzia set a new industry benchmark by launching a cutting-edge digital enrolment process, enabling new credit card customers to onboard in just minutes. This achievement underscores the bank’s commitment to delivering seamless, customer-centric and compliant financial services.
Advanzia also strengthened its market position as the leading Cards-as-a-Service (CaaS) provider in Europe, launching new partnerships with major brands such as Hilton and Turkish Airlines, and expanding its white-label credit card solutions for institutional clients and banks across markets.
Advanzia reinforced its financial position and diversified its funding base through additional capital market financing. The bank secured an investment-grade rating from Moody’s (Baa3, stable outlook) – a milestone that underscores its established position in the capital markets and ensures a solid foundation for long-term growth.
Another highlight was Advanzia’s move into Emerald, Benelux’s first zero-carbon office building. This transition marks an important step in the bank’s sustainability journey, reducing its carbon footprint while providing its 231 employees with a workspace designed for well-being, collaboration and work-life balance. Alongside the Emerald inauguration, Advanzia released its first public ESG report, highlighting its commitment to responsible lending, sustainable business and environmental practices, and fostering a positive workplace culture.
“Our success is driven by our people – their expertise, adaptability and commitment to delivering added value to our customers,” comments Nishant Fafalia, CEO of Advanzia Bank. “As we navigate an evolving and challenging economic landscape, we will continue to invest in talent, digital innovation and AI-driven transformation, enabling us to focus on sustainable growth in selected markets, further enhancing and digitising the customer experience, and maintaining a solid risk foundation with continued profitability going forward.”
Download the 2024 Annual Report here: https://www.advanzia.com/en-gb/about-us/investor-relations