German neobank bunq surpasses €2 billion in user deposits. The company claims to be the first European neobank to report a quarterly profit.

16 martie 2023

bunq has revealed that user deposits have risen to €2.3 billion, a figure up 91% year-over-year. The bank cleared €1 billion in deposits in April of 2021.

Starting today, bunq users in Germany will be treated to a record-high interest of 2.55% for the first four months they bank with bunq. After this introductory rate, German bunq bankers will see this rate drop to 1.56%.

The announcement arrives less than a month since bunq claimed to be the first European neobank to report a quarterly profit, specifically, a pre-tax profit of €2.3 million over the last quarter of 2022. The neobank expects to continue to turn a profit throughout 2023.

In the last quarter of 2022, bunq’s net fee income grew by 37% year over year and user deposits grew by 64%, to €1.8 billion at the end of 2022. 

I’m incredibly proud that, just a decade since our inception, bunq’s service-oriented business model has proven to be profitable,” Bunq founder and CEO Ali Niknam said.

Describing itself as a neobank for “location-independent people and businesses”, the fintech said the profit will fuel its further growth and expansion.

It acquired group expenses app Tricount last May, adding another 5.4 million users to its platform and making it the second largest neobank in the EU.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?