SAXO BANK (SCHWEIZ) AG (formerly SAXO BANK (SWITZERLAND) SA)

Saxo Bank specializes in providing online investment and trading services. It allows individuals, banks and brokers to trade Forex, CFDs, stocks, futures, options and other derivatives via its trading platforms online.

Bank Category

Foreign-controlled banks

Services

Online Investments
Online Trading Services

Financials

Total Assets (2017)
599.47 mln CHF  (+1.55%)
Annual Profit (2017)
7.00 mln CHF  (-58.33%)
Number of Employees (2017)
45  (-23.39%)

SAXO BANK (SCHWEIZ) AG is the 156th largest bank in Switzerland in terms of total assets. In 2017 its total assets were 599,47 mln CHF, providing the bank with the market share of 0.02%. SAXO BANK (SCHWEIZ) AG is the 46th largest foreign-controlled bank in Switzerland (out of 76 foreign-controlled banks) having market share of 0.26% amongst the banks of this category. In 2017 the bank's annual profit was 7,00 mln CHF. SAXO BANK (SCHWEIZ) AG had 45 employees in 2017.

SAXO BANK (SCHWEIZ) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Contacts

Rietstrasse 41, 8702, Zürich, Switzerland
509
058 317 95 00
058 317 95 01

SAXO BANK (SCHWEIZ) AG is headquartered in Zürich.

Bank Identifiers

BIC (SWIFT)
SAXOCHZHXXX
Company Number
CHE-106.787.764
Founded
1999

Business Summary

Services
online investments
online trading services

SAXO BANK (SCHWEIZ) AG provides products and services in the areas of online investments, online trading services.

Financial Positions

Total Assets (2017)
599.47 mln CHF  (+1.55%)
Assets Under Management (2017)
1.80 mln CHF

In 2017 total assets of SAXO BANK (SCHWEIZ) AG were 599.47 mln CHF. Growth compared to the previous period (2016) was 1.55%. The evolution of the total assets of SAXO BANK (SCHWEIZ) AG is shown at Chart 1 below.

Total Assets of SAXO BANK (SCHWEIZ) AG.

Chart 1. Total Assets of SAXO BANK (SCHWEIZ) AG.

In 2017 assets under management of SAXO BANK (SCHWEIZ) AG were 1.80 mln CHF.

Profit and Loss

Gross Profit (2017)
23.10 mln CHF  (-43.24%)
Operating Income (2017)
6.60 mln CHF  (-67.65%)
Annual Profit (2017)
7.00 mln CHF  (-58.33%)

In 2017 gross profit of SAXO BANK (SCHWEIZ) AG was 23.10 mln CHF. Decline compared to the previous period (2014) was -43.24%. The evolution of the gross profit of SAXO BANK (SCHWEIZ) AG is shown at Chart 2 below.

Gross Profit of SAXO BANK (SCHWEIZ) AG.

Chart 2. Gross Profit of SAXO BANK (SCHWEIZ) AG.

Recent changes in gross profit of SAXO BANK (SCHWEIZ) AG and its main components are shown in Table 1.

2014 2017 % change
Net Interest Income 1.0 1.2 +20.00%
Net Commission Income 1.4 6.6 +371.43%
Net Income from Trading Operations 39.2 15.3 -60.97%
Gross Profit 40.7 23.1 -43.24%
Table 1. Recent changes in gross profit of SAXO BANK (SCHWEIZ) AG (mln CHF).

In 2017 annual profit of SAXO BANK (SCHWEIZ) AG was 7.00 mln CHF. Decline compared to the previous period (2014) was -58.33%. The evolution of the annual profit of SAXO BANK (SCHWEIZ) AG is shown at Chart 3 below.

Annual Profit of SAXO BANK (SCHWEIZ) AG.

Chart 3. Annual Profit of SAXO BANK (SCHWEIZ) AG.

Number of Employees

Number of Employees (2017)
45  (-23.39%)

In 2017 there were 45 employees of SAXO BANK (SCHWEIZ) AG. Decline compared to the previous period (2014) was -23.39%. The evolution of the number of employees of SAXO BANK (SCHWEIZ) AG is shown at Chart 4 below.

Number of Employees of SAXO BANK (SCHWEIZ) AG.

Chart 4. Number of Employees of SAXO BANK (SCHWEIZ) AG.

Market Share and Rank (among banks in Switzerland)

Total Assets (2017)
156th (market share 0.02%)

In 2017 SAXO BANK (SCHWEIZ) AG was ranked the 156th largest bank in Switzerland in terms of total assets, having 0.02% of the domestic market share.

Market share of SAXO BANK (SCHWEIZ) AG (among banks in Switzerland)

Chart 5. Market share of SAXO BANK (SCHWEIZ) AG (among banks in Switzerland)

Several banks having the market shares and ranks closest to SAXO BANK (SCHWEIZ) AG are shown below.

RankNameTotal AssetsMarket Share
155 BERENBERG BANK (SCHWEIZ) AG604.93 mln CHF0.02%
156 SAXO BANK (SCHWEIZ) AG599.47 mln CHF0.02%
157 Spar- und Leihkasse Bucheggberg AG597.15 mln CHF0.02%
 

Market Share and Rank (among Foreign-controlled banks in Switzerland)

Total Assets (2017)
46th (market share 0.26%)

In 2017 SAXO BANK (SCHWEIZ) AG was ranked the 46th largest foreign-controlled bank in Switzerland in terms of total assets, having 0.26% of the category's market share.

Market share of SAXO BANK (SCHWEIZ) AG (among Foreign-controlled banks in Switzerland)

Chart 6. Market share of SAXO BANK (SCHWEIZ) AG (among Foreign-controlled banks in Switzerland)

Several foreign-controlled banks having the market shares and ranks closest to SAXO BANK (SCHWEIZ) AG are shown below.

RankNameTotal AssetsMarket Share
45 BERENBERG BANK (SCHWEIZ) AG604.93 mln CHF0.26%
46 SAXO BANK (SCHWEIZ) AG599.47 mln CHF0.26%
47 Banque Internationale de Commerce - BRED (Suisse) SA (new)596.20 mln CHF0.26%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of SAXO BANK (SCHWEIZ) AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of SAXO BANK (SCHWEIZ) AG and its components are shown in the table below.

BIC  SAXOCHZHXXX
Bank BIC Code  SAXO
Country Code  CH (Switzerland)
Location Code  ZH
Branch Code  XXX

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-106.787.764

European Presence: 10 banks in 9 countries

SAXO BANK (SCHWEIZ) AG operates under the brand name Saxo Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

Cyprus

Czech Republic

Denmark

France

Greece

Italy

Netherlands

Switzerland

  •  (this bank) SAXO BANK (SCHWEIZ) AG (Zürich)

Defunct Banks: 3 banks in 3 countries

The following banks operating under Saxo Bank brand name has been recently closed down:

Denmark

Spain

Sweden