Saxo reports record year
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

Saxo reports record year

Saxo Bank has reported that its 2007 profits before tax rose 78% over 2006 to €49 million ($75 million). “This year, we witnessed significant achievements in the continued effort to be a truly global bank, servicing clients and partners with a broad product offering through very volatile markets,” says Kim Fournais, Saxo’s co-founder and joint chief executive.

Lars Seier Christensen, the bank’s other CEO, adds: “In what was a very difficult year for the markets, we are delighted to see evidence that our ongoing support, technical innovation and commitment to clients has translated into increased client activity and such a significant increase in operating profits.”

Gift this article