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
Saxo UK is a licensed subsidiary of Saxo, a leading Fintech specialist that connects people to investment opportunities in global capital markets. Saxo UK has operated in London since 2006 and is a provider of multi-asset trading and investment, Saxo’s vision is to enable people to fulfil their financial aspirations and make an impact.
Founded in Copenhagen in 1992, Saxo was one of the first financial institutions to develop online trading platforms that offer everyday investors the same tools and market access as professional traders, large institutions, and fund managers. As the most innovative and best choice for clients, Saxo offers broad access to global capital markets across asset classes, where they can trade more than 71,000 instruments in over 33 languages from one single margin account. The Saxo Group also powers more than 150 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology. Whether it’s through their investments or the outcome of their investments, Saxo gives clients and partners the tools, platforms and knowledge to make an impact.
The Saxo Group holds four banking licenses and is well regulated globally. With client assets totaling more than 115+ billion USD, Saxo is a global company with local presence, employing more than 2,300 people in financial centres across the world, including London, Singapore, Amsterdam, Zurich, Dubai, Shanghai, Hong Kong and Tokyo.