Swissquote Reports CHF20m Profits, eFX Income Lower by 2.2% in 2016

[kreslik.news]

Swiss bank Swissquote released its annual results for last year, confirming a strong growth trend for the company. The firm reports that its net revenues increased by 2.4 percent to CHF150.2 million (
$148.3 million). The change comes amid increasing number of accounts at the Swiss brokerage.

Clients of the company increased the assets under custody at the bank by 49 percent to CHF17.9 billion ($17.6 billion). The number of accounts also registers growth – 31 percent to 302,775.

Swissquote aims to maintain a pre-tax profit margin of 15 percent over the coming years as part of its ... (read more)