The online bank benefited from a boom in trading during the pandemic, powering past its own most recent guidance.
Swissquote's 472 million Swiss francs ($513 million) in net revenue and 223 million francs in pre-tax profits represent a record, the Gland, Switzerland-based bank said in a statement on Thursday.
The preview of its full financial results on March 17 shows the online lender is doing better than its most recent guidance: Swissquote in August had flagged net revenue of 465 million francs for 2021, from 365 million francs in 2020, and pre-tax profit of 210 million francs (from 130 million the prior year).
Swissquote said customer growth and fresh inflows of funds totalling 9.6 billion francs underpinned the results. The bank, which on Wednesday said it is buying a rival in Luxembourg as a springboard into wider Europe, now manages 55 billion francs in client assets.
