Record levels of deposits and trading volumes have been achieved, despite the market volatility
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Saxo Bank, the specialist investment and online trading, announced today that the amount of security deposits of its customers has exceeded $ 100 billion Danish crowns (13,44 billion euros) a record which testifies to the high level of confidence of its customers.
2016 has been marked by many political events, such as for example the referendum of leaving the European Union the United Kingdom on 23 June and the u.s. presidential election on 8 November. With a total of 490 000 transactions on November 9, 2016 (the day after the u.s. presidential election), the commercial activity of Saxo Bank has reached a new peak. With the next legislative elections in the United Kingdom on 8 June and in France on 11 and 18 June 2017, the attention of traders and investors will continue to be mobilized.
“First of all, we would like to thank our direct and indirect customers for the confidence they show towards Saxo Bank. We will strive to maintain this trust through the excellence of our services and our commitment to their sides. At the same time to the arrival of new customers, increased volume confirms the strength of our offers of investment, and illustrates the continued growth of our business by 2017, ” says Claus Nielsen, head of markets at Saxo Bank.
“Despite a series of unforeseen events (Brexit for the election of Donald Trump), we are proud to have preserved the financial health of our customers. We prosper when our clients prosper. As well, help them to make prudent decisions using a solid framework of trading is simply essential, ” he adds.
The deposits of the customers of Saxo Bank have almost doubled since 2013, when they totaled $ 50.6 billion Danish kroner.
The strategic priority of Saxo Bank throughout the year has been to generate profitable growth, while expanding its customer base through continued investment in the development of its offering of trading on all asset classes.
As illustrated by the latest financial results, the Group’s operating income in 2016 reached $ 2.9 billion Danish kroner, compared to 2.1 billion in 2015. Net earnings amounted to $ 2016 302 million Danish crowns.
The situation in capital of the bank is solid with a ratio of “Common Equity Tier 1” of 14.9%, an equity ratio of “Tier 1” of 17.1% and a total capital ratio of 19.5%. The reserve of own funds Common Equity Tier 1 was $ 1.0 billion Danish crowns, corresponding to 6.4% of the amounts of risk exposure.
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