Alpian's 2025 Results

Alpian scales its primary banking model and closes Radicant migration as commissions triple and net loss falls for the first time

Geneva, 8 May 2026 — Alpian SA, a FINMA-licensed Swiss digital bank majority-owned by Fideuram - Intesa Sanpaolo Private Banking, today published its 2025 annual results. Beyond the financial performance, 2025 marked two strategic milestones: the confirmation of Alpian's position as a primary bank, with client relationships deepening across banking, investment, and retirement savings, and the successful completion of the Radicant portfolio migration.

The financial results reflect that strategic momentum. Client base grew 65%. Invested assets expanded by 127%. For the first time since its founding, net loss fell year on year. Gross banking commissions more than tripled, driven by rising investment mandates, the Signature Plan premium membership, and growing card activity through the AMEX partnership. Operating expenses fell 2%.

"Banking commissions have more than tripled and our net loss has narrowed, this is the trajectory we have been building toward," said Gianmarco Bonaita, CEO and Co-Founder of Alpian. "As clients deepen their relationship with Alpian, the economics improve. That is exactly what we expected."

Investment performance in top quintile

Alpian's balanced investment strategy delivered 8.29% in 2025, outperforming the Performance Watcher Mid-Risk Index benchmark of 6.41%. Since inception, Alpian's discretionary portfolios have achieved a cumulative return of 21.38% against a benchmark of 17.07%, placing the bank in the top quintile of Swiss asset managers tracked by Performance Watcher.

Product expansion in service of primary banking

Alpian's 2025 product expansion was shaped by the ambition to become the primary bank for its clients:

Pillar 3a retirement savings, offered through an exclusive partnership with BlackRock and Fondation de Prévoyance Lemania, investing exclusively in BlackRock funds. The product has attracted over 1,000 clients since its launch in November 2025.
Signature Plan, a premium membership combining enhanced banking benefits with automated wealth-building features, saw over 90% opt-in among eligible clients.
Everyday banking enhancements including eBill, recurring payments, and savings accounts.

Radicant portfolio acquisition

In December 2025, Alpian signed the acquisition of the Radicant portfolio. Integration was completed in April 2026, broadening Alpian's client base across accounts and 3a pension accounts.

"Integrating the Radicant portfolio while simultaneously growing our client base and evolving our product offering demonstrates what we have built," said Bonaita. "A business model that scales and a technology platform that delivers it."

Part of the Intesa Sanpaolo group

Alpian is majority-owned by Fideuram – Intesa Sanpaolo Private Banking, a division of Intesa Sanpaolo (BIT: ISP). The group reported a 7.6% rise in 2025 net profit to EUR 9.3 billion, driven by strong net interest income and commission growth, with a positive outlook confirmed for 2026.

Outlook

As of April 2026, Alpian has surpassed 40,000 clients and holds CHF 289M in client assets, including Pillar 3a. For 2026, the bank has identified four priorities: continued growth of its client base, deepening client relationships and recurring revenues, expanding its use of AI to improve operational efficiency and client services, and broadening its pension offering.

"In 2025 we demonstrated that the model works. In 2026, we continue on that trajectory, growing margins, deepening client relationships, and expanding our offering," said Bonaita. "Our objective is straightforward: to become the primary bank for every client we serve."

About Alpian Bank

Alpian SA is Switzerland’s first digital all-finance bank, licensed by FINMA in 2022. The bank combines modern digital banking with expert wealth management in a seamless, fully digital experience. With over 40,000 clients, Alpian’s mission is to democratize premium banking, empowering clients to manage and grow their wealth with clarity, confidence, and control. Learn more at www.alpian.com