2020 has been an excellent year with record figures in terms of profitability.
The Bank’s net profit for 2020 was CHF 10.4 million. Additionally, considering its excellent financial results in 2020, Dukascopy Bank has allocated 4.0 mil to create a "Reserve for General Banking Risks", of which CHF 3.4 mil will reinforce its capital base. Without the constitution of this reserve, the net profit for the year 2020 would have reached CHF 13.8 mil.
Total income from ordinary banking operations increased by 43.1% compared to 2019. At the same time, in 2020, operating expenses were 13.8% below operating expenses in 2019. This growth is a result of increased client trading activity in response to strong volatility on financial markets.
The interim balance sheet and income statement of Dukascopy Bank and Dukascopy Group are available via this link.