Saxo Bank receives investment grade rating from S&P
Saxo Bank has received a BBB rating with a positive outlook from S&P Global Ratings, according to the bank’s first-ever rating report.
In addition, Saxo Bank is currently in the process of being appointed a Systemically Important Financial Institution (SIFI) later this year by the Danish Financial Supervisory Authority (FSA). The SIFI designation is given to financial institutions that are considered critical to the functioning of the financial system and is a testament to Saxo Bank's importance as it supports a growing number of retail clients and other banks, fintechs and brokers leveraging its technology.
Søren Kyhl, Deputy CEO & COO, commented:
"We are pleased to receive a BBB rating with a positive outlook from S&P Global Ratings, which highlights our strong capital position and business model, cautious approach to risk management and ambitious growth strategy. We are also excited about the prospect of becoming a SIFI later this year. In combination this is a testament to our commitment to providing top-quality platforms, products and services to our growing number of retail clients and institutional partners."
The rating from S&P Global Ratings demonstrates Saxo Bank's dedication to maintaining a strong financial position, resilient business model and providing cutting-edge services to its clients.
The full rating report from S&P Global Ratings can be accessed here: https://www.home.saxo/about-us/investor-relations
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a wholly-owned subsidiary of Saxo Bank A/S, a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. The Saxo Group’s open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, the Saxo Group has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-hk