Multi-asset investment specialist Saxo Bank today posted its financial report for the first six months of 2023.
The Saxo Bank Group reported an operating profit of DKK 520 million compared to DKK 388 million for the same period last year corresponding to an increase of 34%.
During the first six months of the year, an uncertain macro environment and low market volatility led to lower trading and investment activity among the bank’s clients, which was offset by higher interest income.
In June, Saxo Bank announced its divestment of the 50% interest in Saxo Geely Tech Holding in order to optimise the bank’s business operations and focus…
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