Geneva-based Dukascopy Bank SA offers multiple online trading and investment products with various other financial services. This includes current accounts, guarantees, classical banking payments, instant payments via smartphones, and payment cards. The bank has published its interim financial statement for H1 2022 with a net profit of CHF 3.89M ($4.1M), 195% above the net profit for the same period of the previous year.
Dukascopy recorded a surge in its revenues, which came in at CHF 14.4 million (roughly $15 million), up by more than a third from the CHF 11.4 million ($11.47 million) reported back in the same period a year ago. Dukascopy managed to cut its operational costs, primarily personnel expenses. Its operational cost for the first half of the year was CHF 9.9 million, coming down from CHF 11.39 million.
Dukascopy has been taking steps towards strengthening its crypto offering, including allowing clients to deposit and withdraw with crypto, as well as enabling free internal crypto-transfers between users of mobile banking. In 2020, it became the first regulated bank to launch its own cryptocurrency, Dukascoin.
