The legal merger of BinckBank N.V. and Saxo Bank A/S is confirmed and will take place on 1 July 2024.

Saxo plans to continue the Dutch, Belgian and French Saxo branches under Saxo’s Danish banking license.

The change of the legal counterparty to Saxo Bank A/S is the final step in the integration of BinckBank into Saxo Bank. The Dutch Central Bank issued a “declaration of no objection” on 4 April 2024 to implement this legal change.

Saxo Bank A/S has an A- investment grade rating from S&P and a Systemically Important Financial Institution (SIFI) designation from the DFSA. This seal of approval is given to financial institutions deemed important to the functioning of the financial system and is accompanied by stricter supervision and higher capital requirements.

Saxo Bank announced the completion of the acquisition of BinckBank in August 2019. Bsck then the two companies started working on their integration to share technology infrastructure and add additional products and services to offer an optimal Saxo experience.