Saxo Bank Group, a Danish investment bank specializing in online trading and investment, published its annual report for 2022.
reporting an overall drop on a yearly basis across all metrics, reporting a 6% decline in its net profit. The figure came in at DKK 711 million compared to DKK 755 million in 2021.
online trading platform provider’s trading-related and interest earnings during the period decreased by 2% year-over-year (YoY) to approximately DKK 4.4 billion. In addition, Saxo Bank’s client assets dropped 9% to DKK 584 billion affected by the negative trends in the global equity markets during 2022.
Saxo Bank are an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA and we hold broker and banking licenses in multiple jurisdictions. As one of the earliest Fintechs in the world, we continue to invest heavily into our technology, specializing in multi-asset trading and investing, forex trading, contracts for difference, share dealing, fintech, technology, and IT
