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In the first half of the year, Admiral Markets also set a record growth of new customers with 260% increase since the previous year.
Bogatenkov explained:
Admiral Markets is today a financially secure company, offering its customers a successful partnership. Our focus is on aggressive clients’ growth. As a digitally developed company, one of the reasons for success is definitely our IT developments. The most prominent of these is the new trading application, which provides customers an even more personalized native trading experience than before.
Statement of Financial Position
| (in thousands of euros) | 30.06.2020 | 31.12.2019 |
| Assets | ||
| Due from credit institutions | 25,881 | 19,757 |
| Due from investment companies | 9,533 | 6,786 |
| Financial assets at fair value through profit or loss | 11,915 | 9,759 |
| Loans and receivables | 6,842 | 3,983 |
| Other assets | 1,098 | 912 |
| Long-term investments | 4,180 | 0 |
| Tangible assets | 1,365 | 1,283 |
| Right-of-use asset | 4,447 | 4,059 |
| Intangible assets | 546 | 630 |
| Total assets | 65,807 | 47,169 |
| Liabilities | ||
| Financial liabilities at fair value through profit or loss | 133 | 66 |
| Liabilities and prepayments | 2,739 | 2,349 |
| Subordinated debt securities | 1,827 | 1,827 |
| Lease liabilities | 4,584 | 4,145 |
| Total liabilities | 9,283 | 8,387 |
| Equity | ||
| Share capital | 2,586 | 2,586 |
| Statutory reserve capital | 259 | 259 |
| Retained earnings | 53,679 | 35,937 |
| Total equity | 56,524 | 38,782 |
| Total liabilities and equity | 65,807 | 47,169 |
Read More:
- Admiral Markets plans to issue bonds to raise €10 million additional capital
- Admiral Markets adds featured trading ideas to its Premium Analytics portal
The post Admiral Markets reports a record 2022% growth in first half of 2020 appeared first on LeapRate.
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