Multi-asset investment specialist Saxo Bank Group today reported its financial results for 2022.
Saxo reported a net profit of DKK 711 million for 2022, compared to DKK 755 million for 2021 and ended above the half-year guidance of DKK 600 million.
Several significant macro factors impacted our 2022 results. On the positive side, rising interest rates contributed to a higher interest income, while declining equity markets meant Investors acted more cautiously, dampening our revenue growth. Total income for the Group amounted to DKK 4,455 million in 2022 compared to DKK 4,527 million in 2021.
Despite challenging market circumstances, Saxo welcomed 157,000 new clients during 2022 and the positive inflow of new clients led to a record high number…
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