Saxo Bank reports significant growth in client assets
Saxo Bank reports significant growth in client assets
Denmark's Saxo Bank proudly announced that it has reached a significant milestone by surpassing DKK 800 billion (USD 116.1 billion) in client assets.
The company emphasized that although the figure is denominated in Danish currency, it was made possible by the global growth of Saxo's client base and the continued trust of more than 1.2 million clients worldwide.
"It took 25 years to reach DKK 150 billion, and now, six years later, this key indicator has increased fivefold," Saxo Bank said.
According to the latest annual report, Saxo's client base continues to grow. The increase in client assets underscores that the Saxo platform continues to deliver an investment experience that engages and empowers clients to achieve their financial goals.
"We are grateful for the trust of our clients that has made this milestone possible. The price reductions earlier this year attracted and continue to attract many new clients and assets. In addition, our broad range of products and offerings allows clients to diversify their portfolios by reducing their exposure to market volatility, a key theme for our growing client base," said Kim Fournais, Founder and CEO of Saxo Bank.
Last year, S&P Global Ratings upgraded Saxo Bank's long-term credit rating to 'A-', reflecting the bank's strengthened financial profile and improved capital buffers to meet systemically important financial institution (SIFI) requirements.
It is worth noting that Saxo Bank continues to make steady progress, reaffirming its position as a trusted partner for millions of clients around the world.
At the same time, Saxo Bank is considering an outright sale of the company or the sale of a minority stake, followed by the possibility of providing liquidity to existing shareholders. According to preliminary estimates, the sale of Saxo Bank could generate approximately 1.5 to 2 billion euros.
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