Saxo Bank bounces back with best ever 6-month period in H1 2026, Profit tops $100M
Saxo Bank saw the Safra Group take control of the company in the middle of the period while a new CEO was installed.
Saxo Bank saw the Safra Group take control of the company in the middle of the period while a new CEO was installed.
Saxo Bank posted only its second semi-annual net loss in more than six years, ahead of a sale of the company to Safra Group.
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.