Saxo secures Deutsche funding

"We’re growing fast, and to ensure we can maintain this growth without having to raise additional share capital, we have secured this subordinated loan," said Kim Fournais, co-chief executive of Saxo Bank in Copenhagen.

"If our growth was simply allowed to continue at the present rate, we could in principle risk having to restrict the number of new clients and partners coming onboard due to the risk that the bank’s solvency ratio will fall due to the increased trading activity to unacceptable

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