XTB’s preliminary figures put end-September client assets at PLN 56.2 billion, up from PLN 50.3 billion at June-end. Stocks and ETFs were 86% of holdings; open CFDs were 1.3%. The total included PLN 25.3 billion of stocks, PLN 23.2 billion of ETFs and PLN 7.1 billion of cash.
Finance Magnates calculated that CFDs produced 90.5% of quarterly gross results on financial instruments, down from 96% in the first half. CFDs generated PLN 544.1 million; other instruments, mainly stocks and ETFs, produced PLN 57.3 million against PLN 5.8 million a year earlier. Client-cash interest rose 29% to PLN 28.4 million.
Stock and ETF turnover rose 55% annually to $9.2 billion. Revenue per active client was PLN 398 versus PLN 408 a year earlier. CEO Omar Arnaout has expressed a goal of reducing CFD revenue dependence toward 70%, which remains a management ambition rather than the current result.
The broker reported 225,070 Polish IKE accounts, 65,018 IKZE accounts, 11,767 UK ISA and cash ISA accounts, and 19,427 French PEA accounts. It added a Hungarian tax-advantaged account in Q3 and planned Poland’s OKI when the relevant law takes effect. Each local wrapper has its own national eligibility rules.
Sources
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