Swissquote Posts 37.6% YoY Net Revenue Jump in 2020

Source: David 2021-03-18

Fazzaco has learned that Swissquote, Switzerland's leading bank in online trading services, today released its financial results for the fiscal year ending December 31, 2019, revealing a significant jump in net revenues and net profit.

According to the press release, Swissquote's net revenues for 2020 reached CHF 317.3 million, which was a jump of 37.6 percent compared to 2019. Net profit stood at CHF 91 million, up more than 100% compared to 2019.

Swissquote stated the total number of accounts for 2020 reached more than 410,000 accounts, the highest level on record. Client assets also rose by 23.4 percent to CHF 39.8 billion in 2020.

"2020 was an exceptional year in a large number of respects. Swissquote achieved strong and fundamental growth and can for the first time report over 400,000 client accounts. Client assets rose to a record CHF 39.8 billion on the back of an organic net new money inflow of CHF 5.3 billion. Net revenues rose by 37.6 percent compared with the previous year to CHF 317.3 million, while pre-tax profit more than doubled year-on-year to CHF 105.6 million," Swissquote mentioned in the official announcement.

Swissquote

Financial Results in 2020

Data & Report

Swissquote Posts 37.6% YoY Net Revenue Jump in 2020

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