Saxo Bank announces lower profit, but record number of new clients in 2019 report LeapRate

April 01, 2020 BY Valentina Kirilova

Saxo Bank announces lower profit, but record number of new clients in 2019 report

Kim Fournais, CEO and Founder, Saxo Bank, commented on the results: The result for 2019 is affected by difficult market conditions during the year, with all-time low volatility across most financial markets and continued negative interest rates in many markets. At the same time, the result is negatively impacted by significant price reductions across asset…

February 26, 2019 BY Valentina Kirilova

Saxo Bank reports record FY 2018 profits after the sale of Saxo Payments and Privatbank

Copenhagen-based online broker Saxo Bank today announced a record profit of DKK 955.8 million (roughly $145 million) for 2018, which is a 138% increase to the 2017 profit figures. The Group reported an increase in client deposits to a record high of DKK 112.6 billion ($17m) while its operating income came in at DKK 2.8…

December 17, 2018 BY Valentina Kirilova

Saxo Bank acquires Dutch online brokerage BinckBank

Copenhagen based Retail FX broker Saxo Bank has just announced that it has reached a conditional agreement with Dutch online brokerage BinckBank on a recommended all-cash public offer of EUR 6.35 (cum dividend) per issued and outstanding ordinary share and priority share of BinckBank representing a total consideration of EUR 424 million. The offer price…

October 25, 2017 BY LeapRate Staff

Dutch online discount broker DEGIRO sees Revenues drop 2% in Q3-2017

Amsterdam based pan-European online broker DEGIRO B.V. has released some of its financial and operating statistics for the third quarter and first nine months of 2017, indicating slowing growth at the company including its first "down" quarter. The broker, which was founded in 2013, has made waves across Europe and in particular in the UK…

Tag: BinckBank