Saxo Bank Reports Record Breaking 287% profit surge in 2024 results

The Saxo Bank Group Terms his financial results for 2024 and reached The best results in the history of the company. The group reported a net profit of USD 146 Millions for 2024 compared to $ 38 million for 2023, which corresponds to an increase of 287%. The adjusted net profit for 2024 ended with $ 156 Million.

At the beginning of 2024, Saxo Bank implemented a cheap reduced pricing for customers as part of its new global price strategy. This reduction is part of the ongoing commitment to improve the value offered for customers and is closely associated with the possibility of providing cost -effective solutions and the award -winning platforms, products and services from the bank.

Saxo Bank met the needs of customers in many markets in many markets and, by the end of 2024, achieved a record of almost 1.3 million customers, with a high customer assets of $ 118 billion.

2024 key figures at a glance (2023):

• Total income: USD 677 million (USD 650 million)
• Net profit: USD 146 million (USD 38 million)
• Adapted net profit: USD 156 million (USD 95 million)
• Total equity: USD 868 million (USD 923 million)
• Total customer assets: USD 118 billion (USD 108 billion)
• Total number of customers: 1,286,000 (1,159,000)
• Capital quota: 29% (32%)

Kim Fournais, CEO and founder of Saxo Bank, commented on the results, said:

“I am very proud to report that 2024 was the best financial year in the history of Saxo Bank. This is clearly a very satisfactory result for us. The progress underlines our fixed commitment to the value for all of our stakeholders and the strengthening of our basis for sustainable growth. With almost 1.3 million customers and customer assets that achieved impressive $ 118 billion, these milestones show trust and trust in Saxo Bank. Our comprehensive trade and investment platforms have provided robust tools and resources and enabled our customers and partners to efficiently navigate the markets and build up more resistant, diversified portfolios.

The result is of course also a great proof of the collective efforts of our employees who have driven Saxo Bank's performance and success this year.

In 2024 we welcomed several new initiatives to make Saxo Bank attractive for even more people. Some highlights are the introduction of more competitive prices for products and the introduction of our automated monthly investment account, which is known as an autoinvest. We have also introduced our investor platforms in more markets and made it possible to invest more curious people into the world.

In the future, our strategic focus will remain unchanged. We continue to focus on expanding our number of customers and customer goods and improving the product and platform offer for the benefit of our customers and concentrating on our core markets.

In our commitment to protect our customers and maintaining the integrity of our company, Saxo Bank continued to make considerable investments and improvements in terms of compliance, money laundering, cyber security and risk management. This also remains a core priority. “

The full report is available here: