Saxo Bank reported its strongest first-half financial results on record, posting a net profit of EUR 87 million for the first six months of 2026, up 18% from EUR 73 million in the same period last year. The Danish investment bank attributed the performance to robust trading activity driven by record-seeking equity markets and heightened volatility in commodities, while navigating a landscape marked by geopolitical tensions and macroeconomic uncertainty.
- Total income: EUR 375 million (H1 2025: EUR 335 million)
- Total client assets: EUR 153 billion (H1 2025: EUR 118 billion)
- Total clients: 1.7 million (H1 2025: 1.4 million)
- Client base growth: 300,000 new clients in the first half
The bank’s commercial momentum extended across key metrics. Client assets under management climbed 30% year-over-year to EUR 153 billion, while the total client base expanded by approximately 21% to 1.7 million accounts. Total income increased by EUR 40 million to EUR 375 million compared to the prior year period.
Daniel Belfer, CEO of Saxo Bank, highlighted the positive reception from both new and existing clients. He noted the bank’s focus on deepening relationships with current partners while attracting investors to its platform. Going forward, Saxo Bank plans to pursue additional marketing investments, enhance its client offerings, and expand its artificial intelligence and business-critical infrastructure capabilities.
The results underscore continued appetite for self-directed investment platforms amid volatile market conditions. Saxo Bank operates as a fintech-focused investment and trading bank serving retail and professional clients across multiple asset classes.
Daniel Belfer, CEO of Saxo Bank. Source: LinkedIn
