HUGE Upside π10 Jun 2025 11:49
Once a banking licence is obtained here.."imminently"...Albaco's assets value will surge very quickly, as it starts lending amd earning interest. Look at examples below :
Banks are among the only industry category that can generate revenues from both sides of the balance sheet. A bank asset are its loans, its liabilities, that customer deposits earn interest from. The main benefit of becoming a bank is in owning your own balance sheet and, particularly in the present climate, this can equate to significant revenues. Fintechs like Monzo and Starling, that have made the transition have benefited. For the year ending in February 2023, Monzoβs Net Interest Income grew 382% to Β£164.2 million. Starling also experienced a strong uplift in Net Interest Income from Β£121m to Β£348m.