Home Trading Saxo Bank announces a drop in profits of 6% for 2022, while...

Saxo Bank announces a drop in profits of 6% for 2022, while the number of clients is up by 7%



The numbers of clients, however, surpassed the previous years’s record of 820,000 by 6.83%, reaching 876,000 last year.

Client assets in 2022 stood at DKK 584 trillion, down 8.8% from DKK 640 trillion in 2021. Saxo noted that the decline in equity markets had adversely affected last year.

Kim Fournais (CEO and founder of Saxo Bank) commented:

2022 was a year of remarkable and devastating geopolitical events.

Our strategic focus is unchanged. We continue to place emphasis on increasing our client base and client assets, as well as on improving the product and platform that we offer for the benefit of clients. Market conditions in 2023 are still highly uncertain due to volatility, inflation and interest rates.

Fournais continued by saying that the Saxo expects to make a net profit of DKK 650 to 800 million in 2023 due to market volatility.

LeapRate first published the article Saxo Bank: Profits drop by 6% in 2022, increase of clients to 7%

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