Business

Berlin School of Business and Innovation is Officially Opened with Ceremonial Event

Published

7 years ago

April 11, 2019

BERLIN – Berlin School of Busines and Innovation officially opened in Berlin in November has been functioning on a great note. Earlier in 2018, it was launched with Bachelor’s as well as Master’s degrees in various fields such as business administration, event management, marketing, finance, and fashion retail, etc. The opening took place with the ceremonial event in which many chief guests were present. Not only the achievements of this young institution but also the future developments were also discussed during the opening ceremony. Alexander Zeitelhack, the Associate Dean at BSBI, highlighted the vision of the institution and welcomed new students from various countries across the world. He also pointed out that there will be an expansion of courses in the school with the passage of time.

While addressing the gathering in the ceremonial event, Alexander Zeitelhack pointed out that the mission of BSBI is to invite the students from all over the world into the German culture and economic landscape to provide them education and training. Through this educational platform, BSBI school would provide employment and career growth opportunities for students who come here from across the world. Many renowned educationists were present during the ceremony who shared their views on the school’s efforts for innovation. Among the speakers, Professor Marco De Marco, who serves as a Dean at International Telematic University UNINETTUNO and Andreas Gall, CIO at Red Bull Media House shared the stage. Also, the ribbon-cutting ceremony for the official opening of BSBI was done by Prince Philippe Hohenzollern and Princess Lia of Romania.

The school has also launched BSBI Patron Scholarship to give an opportunity to domestic, European and international students the opportunity to gain the education as well as training in Berlin. BSBI would combine traditional classroom-based teaching with new techniques of learning. Also, apart from this, there will be some outside services as well as resources that will be provided to students to help them find new career opportunities.

Business

Black Banx Group — Third Quarter 2025 Results

Published

17 hours ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.