Saxo Bank, an online trading and investment expert based in Copenhagen, released its financial data for the first half of 2023. Data shows that Shengbao Bank's total revenue in the past six months reached DKK 2.242 billion, an increase of 4.5% year-on-year from DKK 2.145 billion in the first half of 2022.

In the first half of 2023, the operating revenue reached DKK 520 million, a year-on-year increase of 34.0% compared to DKK 388 million in the same period last year.

The net profit was DKK 282 million, a decrease of 6.6% year-on-year from DKK 302 million in the same period last year. After adjustment, the net profit reached DKK 376 million, an increase of 24.5% compared to DKK 302 million in the same period last year.

The total assets of the client amounted to DKK 721 billion, an increase of 22.0% year-on-year compared to DKK 591 billion in the first half of last year.

The total capital ratio in the first half of 2023 was 31.9%, compared to 28.1% in the same period last year.

Due to the positive impact of cash and securities net financing of DKK 79 billion in the first half of 2023, the bank achieved a historic milestone of 1 million end customers and 721 billion DKK in customer assets.

Kim Fournais, CEO and founder of Shengbao Bank, commented: Despite the challenging market environment and continued geopolitical tensions this year, our performance in the first half of the year demonstrates our dynamic resilience and adaptability in the face of constantly changing market conditions. Shengbao Bank will always provide support to customers and continuously improve our products, platforms, and services. We are proud to announce that we now have 1 million end customers and manage over 700 billion Dan Macs Lang's customer assets

He continued, "More importantly, Shengbao Bank has recently been designated as a systemically important financial institution (SIFI) And obtained a BBB rating from Standard&Poor's Global Rating, highlighting our strong capital position and business model, cautious risk management methods, and ambitious growth strategy. This once again proves that more and more customers and partners trust our asset management and savings model, and we will do our best to respond to their trust