Saxo Bank's Client Assets Exceed DKK 800 billion

Copenhagen-based online trading and investment specialist Saxo Bank announced that it has reached another important milestone, with client assets exceeding DKK 800 billion ($116.1 billion).

This achievement is in Danish currency, achieved by the growth of Saxo's global client base and the continued solid trust built with Saxo's more than 1.2 million clients worldwide.

Notably, Saxo took 25 years to reach DKK 150 billion and has now quintupled this key metric in just over six years.

Kim Fournais, Saxo’s Founder and CEO, commented on the milestone: “We are grateful for the trust of our clients, which has made reaching this milestone a possibility. Lowering our prices at the start of the year attracted, and keeps attracting, many new clients and assets. Additionally, our broad product range and offerings allow clients to diversify their portfolios, mitigating risks associated with market volatility, which is a key theme for our growing client base.”

Last year, S&P Global Ratings upgraded Saxo's long-term credit rating to "A-," reflecting its strengthened financial position, improved buffer capitals, and compliance with requirements for systemically important financial institutions (SIFIs).