Saxo Bank receives investment grade rating from S&P
Saxo Bank has received a BBB rating with a positive outlook from S&P Global Ratings, according to the bank’s first-ever rating report.
In addition, Saxo Bank is currently in the process of being appointed a Systemically Important Financial Institution (SIFI) later this year by the Danish Financial Supervisory Authority (FSA). The SIFI designation is given to financial institutions that are considered critical to the functioning of the financial system and is a testament to Saxo Bank's importance as it supports a growing number of retail clients and other banks, fintechs and brokers leveraging its technology.
Søren Kyhl, Deputy CEO & COO, commented:
"We are pleased to receive a BBB rating with a positive outlook from S&P Global Ratings, which highlights our strong capital position and business model, cautious approach to risk management and ambitious growth strategy. We are also excited about the prospect of becoming a SIFI later this year. In combination this is a testament to our commitment to providing top-quality platforms, products and services to our growing number of retail clients and institutional partners."
The rating from S&P Global Ratings demonstrates Saxo Bank's dedication to maintaining a strong financial position, resilient business model and providing cutting-edge services to its clients.
The full rating report from S&P Global Ratings can be accessed here: https://www.home.saxo/about-us/investor-relations
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment, Saxo’s purpose is to Get Curious People Invested in the World, and we are committed to giving our clients more ways to make more of their money. We were founded in Copenhagen, Denmark in 1992 with a clear vision: we believe that access to global capital markets should not be the privilege of a select few. By 1998, we were one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, we are an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable company, Saxo is a fully licensed bank under the supervision of the Danish FSA and we hold broker and banking licenses in multiple jurisdictions. Saxo has operated in Australia since 2012 and is a licensed subsidiary regulated by ASIC. As one of the earliest Fintechs in the world, we continue to invest heavily into our technology. Our clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, we have expanded our reach to having more than 2500 professionals in financial centers around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo/en-au