Swissquote acquires Keytrade Bank Luxembourg
Keytrade Bank Luxembourg has been operating since 1999 and has 8,200 clients and EUR 1.7 billion in assets under custody.
Keytrade Bank Luxembourg has been operating since 1999 and has 8,200 clients and EUR 1.7 billion in assets under custody.
For the past few months, Swissquote clients have been able to trade CFDs on Swiss, German, French and British blue chip stocks.
The Swissquote agreement covers perimeter advertising and hospitality at all 282 games of the UEFA Europa League.
Swissquote recorded net revenues of CHF 264.4 million and a pre-tax profit of CHF 134.6 million in the first half of 2021.
At its current share price Swissquote carries a market valuation of CHF 2.33 billion (USD $2.59 billion).
Swissquote estimates net revenues for the first half year of 2021 at around CHF 260 million.
Switzerland’s leading bank in online trading services Swissquote marks a milestone, as its market capitalisation reaches CHF 2 billion.
Swissquote’s eForex trading volumes decreased slightly to average $113 billion per month from July to December 2020.
Swissquote shares had been trading up sharply during the first two weeks of January ahead of the company’s announcement.
Swissquote registered total net revenues of CHF 315 million and a pre-tax profit above CHF 105 million, exceeding forecasts.