Baader Bank Targets Diversified Growth Through Partnerships

Baader Bank AG has announced a strategic focus on growth within its cooperation partner business. This comes amid changes in the competitive landscape, highlighted by Scalable Capital's expanded business model. Baader Bank views this as an opportunity to explore new cooperation avenues with Scalable Capital.

The bank assures its current account holders affiliated with Scalable Capital will face no immediate changes. Trading services, such as those via the gettex platform, will remain unaffected. The bank aims to enhance growth by diversifying its collaborations, having already established numerous partnerships with neobrokers like Smartbroker+, Finanzen.net ZERO, Traders Place and Sino.

Baader Bank's strategy emphasizes being a neutral partner, focusing on delivering robust banking and trading platforms without competing directly with neobrokers or asset managers. The bank's diversified approach has already led to significant earnings growth, with earnings before tax reaching EUR 28.5 million by 30th September 2024.