CURRENT AFFAIRS

Detailed explanation-1: -ICICI Securities and Saxo Bank announce new partnership.

Detailed explanation-2: -Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, owns 50.89 percent of the shares of Saxo Bank. Saxo Bank Founder and CEO Kim Fournais owns 27.53 percent of the Bank’s shares, while Sampo Plc, a leading Nordic financial services group, owns 19.43 percent of the shares.

Detailed explanation-3: -Saxo Bank is a licensed and regulated Danish bank specializing in online trading and investment across global financial markets. It offers a range of assets and products for online trading, fixed income products, trading platforms, and more.

Detailed explanation-4: -Clients Client assets (DKK billion) 591 595 640 Total clients (Number of end clients (’000)) 874 796 820 In the first six months of 2022, the Saxo Bank Group realised a net profit of DKK 302 million, 41% down compared to same period last year.

Detailed explanation-5: -The Saxo Group is a leading multi-asset trading and investment specialist. The Saxo Group is a leading fintech specialist that connects people to investment opportunities in global capital markets. We provide multi-asset market access and Banking as a Service to clients in 170 countries via cutting-edge technology.