Swissquote Files Its Full Accounts Made Up to December 2020

Tuesday, 01/06/2021 | 21:26 GMT by Felipe Erazo
  • The full document will be available in 10 days through the UK Companies House website.
Swissquote Files Its Full Accounts Made Up to December 2020
Swissquote

The UK Companies House has notified that Swissquote, a Switzerland-based online Trading Platform , filed the full accounts of its annual report for the year ended on December 31, 2020.

According to the Companies House website, the document is in the processing stage and will be available in ten days. As Finance Magnates reported in March, the company had a significant jump in net revenues and net profit and exceptional growth in the number of active clients in 2020.

In addition, Swissquote highlighted that its net revenues were CHF 317.3 million in 2020, which is a 37.6% jump compared to 2019. Net profits exceeded the expectations and reached CHF 91 million, which is up more than 100% compared to 2019.

โ€œ2020 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 profits more than doubled year-on-year to CHF 105.6 million,โ€ the trading platform commented at that time.

Swissquote Recent Partnerships

Last month, Swissquote announced launching a collaborative digital banking app named 'Yuh', jointly with PostFinance, the financial services unit of Swiss Post. Due to the Coronavirus restrictions, both companies launched the app at a digital event on May 11, 2021. Furthermore, at the end of last year, the trading platform teamed up with the American electric car maker, Tesla, led by Elon Musk.

Swissquoted aimed to help Swiss clients take advantage of digital leasing offerings for those interested in purchasing new cars as part of their expansion into the automotive industry and the credit sector.

The UK Companies House has notified that Swissquote, a Switzerland-based online Trading Platform , filed the full accounts of its annual report for the year ended on December 31, 2020.

According to the Companies House website, the document is in the processing stage and will be available in ten days. As Finance Magnates reported in March, the company had a significant jump in net revenues and net profit and exceptional growth in the number of active clients in 2020.

In addition, Swissquote highlighted that its net revenues were CHF 317.3 million in 2020, which is a 37.6% jump compared to 2019. Net profits exceeded the expectations and reached CHF 91 million, which is up more than 100% compared to 2019.

โ€œ2020 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 profits more than doubled year-on-year to CHF 105.6 million,โ€ the trading platform commented at that time.

Swissquote Recent Partnerships

Last month, Swissquote announced launching a collaborative digital banking app named 'Yuh', jointly with PostFinance, the financial services unit of Swiss Post. Due to the Coronavirus restrictions, both companies launched the app at a digital event on May 11, 2021. Furthermore, at the end of last year, the trading platform teamed up with the American electric car maker, Tesla, led by Elon Musk.

Swissquoted aimed to help Swiss clients take advantage of digital leasing offerings for those interested in purchasing new cars as part of their expansion into the automotive industry and the credit sector.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
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