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News | February 05, 2025

Black Banx reports 2024 profit before tax of USD 3.6 billion and USD 2.9 billion of proposed capital distributions to shareholders

Black Banx reports 2024 profit before tax of USD 3.6 billion and USD 2.9 billion of proposed capital distributions to shareholders

Road Town, BVI: February 05, 2025: Black Banx today announced a record full-year 2024 profit before tax of USD 3.6 billion, surpassing its revised forecast of USD 3.2 billion and marking a significant increase from USD 2.4 billion originally projected for the year. For the fourth quarter of 2024, Black Banx posted a profit before tax of USD 1.3 billion, driven by strong revenue growth, increased client acquisition, and enhanced operational efficiency based on the implementation of artificial intelligence.