Saxo Bank Receives Credit Rating Upgrade to ‘A-’ From S&P Global Ratings, Reflecting Strong Capital Position and Risk Management

COPENHAGEN, 4 April 2024 – Saxo Bank A/S, the parent company of Saxo Australia, today announces that S&P Global Ratings has upgraded its long-term issuer credit rating to ‘A-‘ from ‘BBB’.

This credit rating upgrade reflects Saxo Bank’s strengthened financial profile, including its efforts to increase its resolvability and enhance its subordinated debt buffers in alignment with regulatory requirements for Systemically Important Financial Institutions (SIFIs) in Denmark.

The stable outlook reflects the view that Saxo Bank will continue to maintain its solid operating profitability, robust capitalisation, and effective risk management.

Saxo Deputy CEO and COO Søren Kyhl commented: “This rating upgrade by S&P Global Ratings serves as a testament to our unwavering commitment to financial resilience and prudent risk management. We are pleased that our enhanced credit rating reflects our efforts to further bolster our financial robustness, which is in alignment with our designation as a SIFI last year.”

Mr Kyhl added: “This is paramount to our ability to provide our growing number of clients and partners with a secure and reliable trading and investment platform.”

The full rating report from S&P Global Ratings can be accessed here:

https://www.home.saxo/about-us/investor-relations

Enquiries:

Angelo Risso

Communications and PR Manager

Saxo Australia

+61 498 333 025

aris@saxomarkets.com