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FINANCIAL NEWS
Saudi Saxo Bank posts 45pct increase in net profit in H1
10 Sep 2017
(MENAFN) Saxo Bank Group has recorded a net profit of DKK229mn for the Jan-June period of this year, a growth of 45 percent compared to the same period of 2016.
Meanwhile, the Group’s capital base continues to remain strong as of June 30, 2017, the Common Equity Tier 1 ratio, the Tier 1 capital ratio and the Total capital ratio of the Group were, 15.7pct, 17.8pct and 20pct.
Accordingly, the results for the cited period of the year are testament to their efforts to continue to invest and enhance their client experience.
Furthermore, the results for the period emphasize that the bank is on the right track, but it will continue to invest and prioritize the development of their tech.
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MENAFN1009201700450000ID1095839629
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