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Saxo Bank sees improved Revenues ($390M) and Profits ($85M) in H1 2025

Saxo Bank agreed to be acquired by Safra Group for $1.74 billion back in March.

Saxo Bank has initiated a restructuring of its distribution model in the APAC region, including the closure of its office in Shanghai.

Saxo Bank has released its 2023 Annual Report, indicating a fairly steady second-half-of-the-year, but falling profitability at the company.

Saxo Bank Group reported a net profit of DKK 711 million for 2022, compared to DKK 755 million for 2021.

For the full year 2021, Saxo Bank brought in Revenue (what it terms Operating Income) of DKK 4.492 billion, or USD $679 million.