Saxo Bank announces 2021 annual results
HONG KONG, 25 Feb. 2022 – Saxo Capital Markets HK Limited (“Saxo Markets”), the online trading and investment specialist, announced that its parent company, the Saxo Bank Group reported a net profit of DKK 755 million (HKD 891 million) for 2021 compared to DKK 750 million (HKD 885 million) for 2020. Total revenue for the Group amounted to DKK 4,527 million (HKD 5,342 million) in 2021 compared to DKK 4,324 million (HKD 5,102 million) in 2020.
During the year, the Saxo Bank Group welcomed a record-high number of 263,000 new clients and saw a continued inflow of client assets. This brings the total number of clients to a record of 820,000 who entrusted the Group with DKK 640 billion (HKD 755 billion) of their assets by the end of 2021.
Key figures at a glance:
| 2021 | 2020 | |
| Total revenue | DKK 4,527 million (HKD 5,342 million) | DKK 4,324 million (HKD 5,102 million) |
| EBITDA | DKK 1,617 million (HKD 1,908 million) | DKK 1,612 million (HKD 1,902 million) |
| Net profit | DKK 755 million (HKD 891 million) | DKK 750 million (HKD 885 million) |
| Total equity | DKK 7.2 billion (HKD 8.5 billion) | DKK 7.4 billion (HKD 8.7 billion) |
| Total client assets | DKK 640 billion (HKD 755 billion) | DKK 478 billion (HKD 564 billion) |
| Total number of clients | 820,000 | 690,000 |
Commenting on the results, Kim Fournais, CEO and founder of Saxo Bank, said: “2021 saw both growth and consolidation for the Saxo Bank Group, and we successfully completed the migration of BinckBank’s more than 400,000 direct clients, expanding our footprint in Mid-Europe. Navigating financial markets well is important to everyone. Saxo is supporting a growing number of clients, who choose our platforms to fulfil their financial aspirations and make an impact. We continuously strive to improve and learn, how to help them make more informed investment decisions via our award-winning platforms, be it through education, risk management strategies, great diversified products, and services or a just more user-friendly, personalized experience.”
Richard Douglas, CEO of Saxo Markets Hong Kong, comments, “In Hong Kong, the momentum has also been strong. In 2021, we launched the new SaxoInvestor platform to make investing simple, intuitive, and personalized for our clients; we offered substantial price reductions for retail clients to allow more people to invest at some of the lowest rates available; we obtained SFC type 4 and type 9 licenses to extend our business to digital solution of asset and wealth management. Hong Kong is a key growth market for Saxo, we are proud that an increasing number of clients continue to trust us, and we continue to strive to be relevant for more people through our expanded offerings and continued commitment.”
Full annual report: https://www.home.saxo/about-us/investor-relations
Head of PR, Hong Kong & Shanghai
Saxo Markets
+852 3760 1386
+852 6128 1465
dorz@saxomarkets.com
Saxo Markets is a licensed subsidiary of Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets. In Hong Kong, Saxo Markets has operated since 2011 and has been serving as a gateway for Saxo in the region. As a provider of multi-asset trading and investment, Saxo Bank’s vision is to enable people to fulfil their financial aspirations and make an impact. Saxo’s user-friendly and personalised platform experience gives investors exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions, and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world 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 Bank 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.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 115 billion USD and the company has more than 2,300 financial and technology professionals in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.