Saxo Bank reported an18% increase in net profit for the first half of 2026, as higher income andclient assets lifted the Danish investment bank to its strongest half-yearresult on record.Net profit reached EUR87 million in the six months to June, up from EUR 73 million in H1 2025. Totalincome increased 12% year-on-year to EUR 375 million, compared with EUR 335million a year earlier.The result followsSaxo Bank’s 2025 financial performance, when thebank reported an adjusted net profit of EUR 120 million, alongside higherclient activity and record client assets.During 2025, J. SafraSarasin Group agreedto acquire a majority stake in Saxo Bank from its existing shareholders.The transaction was completed in March this year.Following thecompletion, Daniel Belfer was appointed CEO of Saxo Bank, while founder KimFournais became chairman of the board.Saxo Client Assets Reach EUR 153BSaxo said the H1 2026result marked its “best half-year financial performance” in its history.Client assets alsoincreased during the period. Total client assets reached EUR 153 billion, upfrom EUR 118 billion in H1 2025. The number of clients rose to 1.7 million from1.4 million.Saxo attributed theperformance partly to continued trading activity. It said market activity wassupported by positive sentiment in equity markets and higher volatility incommodities, including oil and precious metals.The bank also pointedto geopolitical tensions and elevated macroeconomic uncertainty during thefirst half of the year.Compared with H1 2025,total income increased by EUR 40 million, while client assets rose by EUR 35billion. The client base increased by around 300,000.Saxo Focuses on Clients, AISaxo said it remainedfocused on expanding its global client and partner base during the period. Italso continued to invest in its platforms and products.The bank said furtherinvestment would focus on marketing, client offerings, artificial intelligenceand other business-critical areas.Belfer said the bankhad delivered its “best half-year financial results in the bank’s history”. Healso said Saxo had seen “solid growth in our client base”.The H1 2026 figurescompare with the following results for H1 2025:The latest figuresfollow Saxo's 2025 results, when the bank reported EUR 133 billion in clientassets and 1.523 million clients for the full year.Saxo Adds EliteTier in SingaporeIn May 2026, SaxoBank launched Saxo Elite, a premium service tier for accredited investorsand active traders in Singapore. The offering includes personal relationshipmanagers and access to Saxo’s trading desk and in-house strategists. It sitsalongside the bank’s existing digital platform.The launch followedother product additions in Singapore, including margin accounts and fractionalshares. Saxo has used Singapore as the operational centre of its Asia-Pacificbusiness sinceclosing its Hong Kong and Shanghai offices in 2024.This article was written by Tareq Sikder at www.financemagnates.com.