The Société des Bains de Mer (SBM) officially released its report for the 2024/2025 fiscal year during a meeting of its Board of Directors on May 26 and 27, 2025. The SBM Group announced a solid financial year, with revenue up 9% to €768 million.
Banking clients have grown tired of nearly zero deposit rates in recent years and in some cases, we are seeing negative interest rates on deposits. Traditional banking, in general, is becoming less profitable. That’s where «crypto-fiat» banks are entering to fill the void.