Saxo Bank registers net profit of DKK 282M in H1 2023
Saxo Bank reported net profit of DKK 282 million for the first half of 2023, compared with DKK 302 million for the corresponding period a year earlier.
Saxo Bank reported net profit of DKK 282 million for the first half of 2023, compared with DKK 302 million for the corresponding period a year earlier.
The agreement to exit the China JV is part of operationally separating Geely and Saxo Bank.
Saxo Bank divests its stake in Saxo Geely Tech Holding A/S with the sale to Geely Group and receives Saxo Bank shares as part of the transaction.
In December Saxo Bank pulled out of a $2 billion merger transaction with a special purpose acquisition company, or SPAC.