MultiBank Group Reports Solid 69% Increase in Gross Profits in 2020

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Retail brokerage, the MultiBank group unveiled its record financial figures for 2020, reporting gross profit of over $ 139 million for the year, an increase of 62% over 2019 figures. At the time, the company made more than $ 85 million in profit for the year, according to its report released Tuesday.

In addition, the group’s annual turnover for last year was over $ 5,000 billion, after setting an annual record.

“2020 has been a monumental year to say the least, and I’m so proud of these record financial figures. The results are a testament to our commitment to providing award-winning technologies, platforms and services to our customers, and of course to our fantastic team, ”commented Nasher Taher, President of MultiBank Group, of the announcement.

Additionally, Taher predicts that these numbers will provide a clear picture of what 2021 could bring for the MultiBank Group given the record numbers released in the recent report.

Established in 2005, retail brokerage is currently regulated by 11 financial supervisors around the world on five continents, with branches located in countries such as Australia, Germany, Austria, Spain, Cyprus , United States, Mexico, United Arab Emirates, Kuwait, Jordan and Turkey.

Diversification of the MultiBank group into new regions

End of 2020, The financial tycoons recorded strong performance in the first three quarters of 2020 for the MultiBank Group.

According to the report, the company’s gross profit soared to more than $ 94 million at the time. The upward pressure from good numbers for retail brokerage has also come in the wake of its headquarters in Hong Kong and the United Arab Emirates, which has seen a diverse revenue share on other fronts such as America. Latin, the Middle East and Asia.

Retail brokerage, the MultiBank group unveiled its record financial figures for 2020, reporting gross profit of over $ 139 million for the year, an increase of 62% over 2019 figures. At the time, the company made more than $ 85 million in profit for the year, according to its report released Tuesday.

In addition, the group’s annual turnover for last year was over $ 5,000 billion, after setting an annual record.

“2020 has been a monumental year to say the least, and I’m so proud of these record financial figures. The results are a testament to our commitment to providing award-winning technologies, platforms and services to our customers, and of course to our fantastic team, ”commented Nasher Taher, President of MultiBank Group, of the announcement.

Additionally, Taher predicts that these numbers will provide a clear picture of what 2021 could bring for the MultiBank Group given the record numbers released in the recent report.

Established in 2005, retail brokerage is currently regulated by 11 financial supervisors around the world on five continents, with branches located in countries such as Australia, Germany, Austria, Spain, Cyprus , United States, Mexico, United Arab Emirates, Kuwait, Jordan and Turkey.

Diversification of the MultiBank group into new regions

End of 2020, The financial tycoons recorded strong performance in the first three quarters of 2020 for the MultiBank Group.

According to the report, the company’s gross profit soared to more than $ 94 million at the time. The upward pressure from good numbers for retail brokerage has also come in the wake of its headquarters in Hong Kong and the United Arab Emirates, which has seen a diverse revenue share on other fronts such as America. Latin, the Middle East and Asia.

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