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.
SAXO BANK (SCHWEIZ) AG is the 155th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 590,30 mln CHF, providing the bank with the market share of 0.02%. SAXO BANK (SCHWEIZ) AG is the 48th largest foreign-controlled bank in Switzerland (out of 81 banks) having market share of 0.24% amongst the banks of this category.
SAXO BANK (SCHWEIZ) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
SAXO BANK (SCHWEIZ) AG is headquartered in Zollikon.
| Services |
|---|
| online investments online trading services |
| Total Assets (2016) |
|---|
| 590.30 mln CHF (+6.89%) |
In 2016 total assets of SAXO BANK (SCHWEIZ) AG were 590.30 mln CHF. Growth compared to the previous period (2015) was 6.89%. The evolution of the total assets of SAXO BANK (SCHWEIZ) AG is shown at Chart 1 below.
Chart 1. Total Assets of SAXO BANK (SCHWEIZ) AG.
| Gross Profit (2014) |
|---|
| 20.40 mln CHF (+21.43%) |
| Annual Profit (2014) |
| 16.80 mln CHF (+27.27%) |
In 2014 gross profit of SAXO BANK (SCHWEIZ) AG was 20.40 mln CHF. Growth compared to the previous period (2013) was 21.43%.
Recent changes in gross profit of SAXO BANK (SCHWEIZ) AG and its main components are shown in Table 1.
| 2013 | 2014 | % change | |
|---|---|---|---|
| Net Interest Income | 0.7 | 1.0 | +42.86% |
| Net Commission Income | 1.5 | 1.4 | -6.67% |
| Net Income from Trading Operations | 36.0 | 39.2 | +8.89% |
| Net Income from Banking Operations | 37.3 | 40.7 | +9.12% |
| Gross Profit | 16.8 | 20.4 | +21.43% |
| Table 1. Recent changes in gross profit of SAXO BANK (SCHWEIZ) AG (mln CHF). | |||
In 2014 annual profit of SAXO BANK (SCHWEIZ) AG was 16.80 mln CHF. Growth compared to the previous period (2013) was 27.27%.
| 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 |
Any bank can be identified for different purposes and hence can have several different identifiers.
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 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 |
This bank operates in the following European countries and selected dependent territories of the European countries:
(this bank) SAXO BANK (SCHWEIZ) AG (Zollikon)
