[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-saxo-banks-h1-profit-rises-18p2301a067a1-b25e-7eeb-a433-e531d97cd447":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23,"enrichStatus":24,"triageKind":18,"triageImportance":18,"expandEligible":18,"summarizeEligible":18,"eventEligible":18,"eventType":18,"eventAction":18},"saxo-banks-h1-profit-rises-18p2301a067a1-b25e-7eeb-a433-e531d97cd447","1788442939000","Saxo Bank’s H1 Profit Rises 18% as Client Assets Reach EUR 153B","\u003Cp>Saxo Bank reported an18% increase in net profit for the first half of 2026, as higher income andclient assets lifted the Danish investment bank to its strongest half-yearresult on record.\u003C/p>\u003Cp>Net profit reached EUR87 million in the six months to June, up from EUR 73 million in H1 2025. Totalincome increased 12% year-on-year to EUR 375 million, compared with EUR 335million a year earlier.\u003C/p>\u003Cp>The result followsSaxo Bank’s 2025 financial performance, when \u003Ca href=\"https://www.financemagnates.com/forex/saxo-bank-hits-15-million-clients-in-2025-as-j-safra-sarasin-completes-majority-stake-deal/\">thebank reported an adjusted net profit of EUR 120 million\u003C/a>, alongside higherclient activity and record client assets.\u003C/p>\u003Cp>During 2025, J. SafraSarasin Group \u003Ca href=\"https://www.financemagnates.com/forex/brokers/j-safra-sarasin-closes-saxo-bank-acquisition-installs-new-ceo/\">agreedto acquire a majority stake in Saxo Bank from its existing shareholders\u003C/a>.The transaction was completed in March this year.\u003C/p>\u003Cp>Following thecompletion, Daniel Belfer was appointed CEO of Saxo Bank, while founder KimFournais became chairman of the board.\u003C/p>\u003Cp>Saxo Client Assets Reach EUR 153B\u003C/p>\u003Cp>Saxo said the H1 2026result marked its “best half-year financial performance” in its history.\u003C/p>\u003Cp>Client assets alsoincreased during the period. Total client assets reached EUR 153 billion, upfrom EUR 118 billion in H1 2025. The number of clients rose to 1.7 million from1.4 million.\u003C/p>\u003Cp>Saxo attributed theperformance partly to continued trading activity. It said market activity wassupported by positive sentiment in equity markets and higher volatility incommodities, including oil and precious metals.\u003C/p>\u003Cp>The bank also pointedto geopolitical tensions and elevated macroeconomic uncertainty during thefirst half of the year.\u003C/p>\u003Cp>Compared with H1 2025,total income increased by EUR 40 million, while client assets rose by EUR 35billion. The client base increased by around 300,000.\u003C/p>\u003Cp>Saxo Focuses on Clients, AI\u003C/p>\u003Cp>Saxo said it remainedfocused on expanding its global client and partner base during the period. Italso continued to invest in its platforms and products.\u003C/p>\u003Cp>The bank said furtherinvestment would focus on marketing, client offerings, artificial intelligenceand other business-critical areas.\u003C/p>\u003Cp>Belfer said the bankhad delivered its “best half-year financial results in the bank’s history”. Healso said Saxo had seen “solid growth in our client base”.\u003C/p>\u003Cp>The H1 2026 figurescompare with the following results for H1 2025:\u003C/p>\u003Cp>The latest figuresfollow Saxo's 2025 results, when the bank reported EUR 133 billion in clientassets and 1.523 million clients for the full year.\u003C/p>\u003Cp>Saxo Adds EliteTier in Singapore\u003C/p>\u003Cp>In May 2026, \u003Ca href=\"https://www.financemagnates.com/forex/brokers/saxo-introduces-saxo-elite-service-in-singapore-for-active-traders/\">SaxoBank launched Saxo Elite\u003C/a>, a premium service tier for accredited investorsand active traders in Singapore. The offering includes personal relationshipmanagers and access to Saxo’s trading desk and in-house strategists. It sitsalongside the bank’s existing digital platform.\u003C/p>\u003Cp>The launch followedother product additions in Singapore, including margin accounts and fractionalshares. Saxo has used Singapore as the operational centre of its Asia-Pacificbusiness \u003Ca href=\"https://www.financemagnates.com/forex/saxo-closes-hong-kong-and-shanghai-offices-focuses-on-singapore/\">sinceclosing its Hong Kong and Shanghai offices in 2024\u003C/a>.\u003C/p>This article was written by Tareq Sikder at www.financemagnates.com.","https://www.financemagnates.com/forex/saxo-banks-h1-profit-rises-18-as-client-assets-reach-eur-153b/","https://images.financemagnates.com/images/From%20left%3A%20CEO%20Daniel%20Belfer%20and%20Chairman%20of%20the%20Board%20of%20Directors%20Kim%20Fournais_id_2e16b4f1-e4e2-4d5f-91d4-bcf0e204a441_size900.jpg","[\"Retail FX\"]","[\"Base\",\"Alongside\",\"Equity\",\"Sentiment\",\"Market\"]","[{\"name\":\"Base\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/base.png\"},{\"name\":\"Alongside\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/alongside.png\"},{\"name\":\"Equity\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/equity.png\"},{\"name\":\"Sentiment\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/sentiment.png\"},{\"name\":\"Market\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/market.png\"}]","23",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/finance-magnates.png","Finance Magnates",null,"","[\"Crypto\"]","0","EN","1","done"]