N26, The Mobile Bank, today announced the appointment of its new group Supervisory Board as it continues to evolve its governance structures in preparation for the next stages of development.
The Mobile Bank N26 today announced the launch of its cryptocurrency trading product that will allow eligible customers to buy and sell almost 200 cryptocurrencies in their N26 app.
Gross revenue grew by 50.3% to EUR 182.4 million (FY-20: EUR 121.3 million), while net interest and commission income grew by 67% to EUR 120.3 million (FY-20: EUR 72.1 million).
76% of Spanish women investors plan to double their monthly investments this year and, among those who do not yet invest, one in four (27%) say they will start with cryptocurrencies.
The online bank N26 achieved results in line with expectations in financial year 2020 despite the unprecedented challenges in the banking sector presented by the global coronavirus pandemic.
A study by N26 shows that Spanish users managed to save almost a quarter of their monthly income in 2021, making them the biggest savers ahead of Germany, Italy and France.
The number of digital banking customers in Spain increased by 44% between 2018 and 2020, according to the 2021 Global Digital Banking Index, conducted by mobile bank N26.