Saxo Bank opens an office in Cyprus

Saxo Bank is a well known name for anyone who’s associated with Forex.  Today I was driving to the Limassol Income Tax Office, past the new KPMG building, when I noticed the new sign of Saxo Bank on the second floor of that building.  I was a bit surprised.  Sure, I’ve heard the rumors that it was coming, but nothing more.  I don’t follow Forex news too much, but I’m sure I would have heard of it.

A few hours later, during the lunch break at the office, while catching up with the news, I noticed the announcement in Cyprus Mail.

SAXO Bank, the specialist in online trading and investing, yesterday announced the opening of its new office in Cyprus which will provide Cypriot investors access to international financial markets.

The office – the Danish bank’s 22nd — is located in Limassol and will serve as a regional business centre covering the whole of Central and Eastern Europe.

I think now we can officially call Limassol – the capital of the Forex industry.

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