Magnetiq Bank Strengthens Fintech Position and Reports Strong Growth in 2025

Driven by a successful transition from a traditional banking model to a fintech-oriented approach, Magnetiq Bank has achieved significant operational results in 2025. This year marks the Bank’s successful evolution following a transformation period characterized by extensive investment in a new strategy and the assembly of a high-caliber management team, creating a solid foundation for future growth.

Operational Achievements and Client Acquisition

The Bank’s growth was primarily fueled by a 43% increase in net fee and commission income, demonstrating robust market demand for Magnetiq Bank’s specialized financial services within the digital economy. In 2025, the Bank onboarded 95 new fintech clients, bringing the total number of business clients to 310, while processed payment flows reached an impressive €467 million. At year-end, the Bank’s total assets stood at €157 million.

Stability and Security

Magnetiq Bank has maintained high capital adequacy and liquidity ratios that significantly exceed regulatory requirements, ensuring the safety of client funds. At the end of 2025, the Bank’s capital adequacy ratio reached 46%, while the liquidity coverage ratio stood at 128%.

Expertise in MiCA and Digital Assets

Leveraging the team’s deep expertise in the MiCA (Markets in Crypto-Assets) regulation and the crypto-asset sector, the Bank has become a vital partner for companies undergoing licensing or those who have already received the first MiCA licenses in Latvia. By offering specialized segregated account solutions, the Bank assists crypto-asset players in ensuring full isolation of client funds in compliance with the highest European security standards.

Technological Development and Future Outlook

The Bank continues to expand its Banking-as-a-Service (BaaS) offering with new API solutions and has completed the groundwork for the launch of Lending-as-a-Service in 2026. Alongside technological expansion, the Bank consistently enhances its internal control mechanisms and maintains compliance with international AML/CTF best practices.

“2025 has practically demonstrated the viability and efficiency of our new business model. The rapid growth in commission income shows that fintech and e-commerce clients across the Baltics and Europe highly value our ability to provide specialized and technologically advanced financial infrastructure,” states Jakub Wieclaw, Chairman of the Management Board at Magnetiq Bank.

Priorities for 2026

In the coming year, the Bank’s priorities include the further development of core products such as acquiring, embedded finance, and payment services. This will involve strengthening integration within the European fintech ecosystem and supporting Latvia’s positioning as a regional hub for financial technology.

About Magnetiq Bank

AS Magnetiq Bank is a Latvia-licensed bank with a strategy focused on the needs of fintech, startups, and e-commerce service providers. The Bank offers banking infrastructure, safeguarding accounts, payment solutions, and lending services. Magnetiq Bank’s mission is to foster the growth of the startup and e-commerce sectors by leveraging innovative technologies and delivering exceptional customer service.

Magnetiq Bank is a member of the Signet Bank Group. Its sole shareholder – Signet Bank Group – is one of Latvia’s leading financial services groups, providing lending, investment banking, asset management, and consumer finance, as well as traditional banking services.