The recent invasion of Ukraine touched us all deeply. The unjustified act of aggression has affected hundreds of thousands of civilians who need shelter, food, medicine and other support to survive this crisis. This tragedy has also affected our friends and colleagues at XTB.
Faced with those worrying developments we could not stay indifferent. This is why we decided to donate 1 million PLN to two charity foundations helping Ukraine during this humanitarian crisis.
XTB has just adopted a detailed ESG strategy for sustainable development, which is one of the pillars of XTB’s business strategy. Its three main areas are environment, social responsibility and corporate governance.
The ESG strategy also includes specific goals and tasks for the coming years. As a technology company XTB strives to digitize its processes as much as possible, and thus lower its carbon footprint and ultimately reach carbon neutrality. Additionally, in the area of caring for the natural environment XTB focuses on educating its employees and associates and promoting good practices.
In the area of social responsibility, the company puts the strongest emphasis on economic education. XTB wants to provide everyone interested in the functioning of financial markets with an open access to knowledge on this subject. Therefore, it is constantly expanding the free base of educational materials, where one can find numerous articles, videos and comments on market insights. XTB’s social goal is also to create a working environment that is friendly to all employees respecting their values, ensuring equal treatment and their comprehensive development.
In the third area – corporate governance – XTB wants to develop the position of one of the world’s largest Forex / CFD brokers, listed and supervised by regulatory bodies on financial markets where the company is present: FCA, BaFin, ACPR, CySEC, IFSC. The company also puts emphasis on clear and transparent communication with all its stakeholders, especially regarding long-term goals and planned activities. All initiatives in the area of social responsibility are carried out by the XTB Capital Group and the XTB Foundation, which was established in 2020.
The implementation of the adopted ESG Strategy will be monitored and reported on an ongoing basis. The implementation of the ESG Strategy and initiatives in this area is coordinated by the ESG Manager who is directly reporting to the Management Board of XTB in the structure of the organization. For the detailed information on XTB’s sustainable development strategy visit ir.xtb.com website – tab ESG.
XTB joined the group of Signatories of the Diversity Charter
On October 20, 2021, XTB joined the group of Signatories of the Diversity Charter, thus taking another step towards social cohesion and equality.
The Diversity Charter is a written commitment which is signed by organizations that oblige themselves to the introduction of equal treatment policy and diversity management, as well as active prevention of discrimination and mobbing in the workplace.
By signing the Diversity Charter, a company commits to non-discrimination in the workplace and to introducing policies that create and promote diversity. In Poland, the Charter is coordinated exclusively by Responsible Business Forum and held under the auspices of the Commissioner for Human Rights.
Over 12 thousand signatories in 26 European countries so far, and over 300 signatories in Poland. The Diversity Charter is an international initiative promoted by the European Commission. Thousands of companies, organizations and institutions have signed the Charter in 26 countries of the European Union. The work on the implementation of the Charter is pending in other European countries.
XTB AFRICA (PTY) LTD licensed to operate in South Africa
The Management Board of XTB informs that, to the best knowledge of the Company, on August 10, 2021, XTB AFRICA (PTY) LTD received a license from the FSCA (Financial Sector Conduct Authority) to operate in South Africa.
Obtaining a license in South Africa is another step in the international geographical expansion of XTB as part of our development strategy, leading to building a global brand.
Trigon DM has started issuing recommendations for XTB
The analysts of Trigon DM, in the report of July 19, 2021 started issuing recommendations for XTB with a “buy” recommendation and a target price of PLN 24.1. The recommendation was developed by Trigon DM at the request of the Warsaw Stock Exchange as part of the Analytical Coverage Support Programme 3.0 for 2021–2023 . The authors of the report are Maciej Marcinowski and Michał Literski.
The Management Board of XTB informs that on July 11, 2021, XTB MENA Limited received a notification from the DFSA (Dubai Financial Services Authority) about granting the company a license to operate in the UAE with the effective date July 8, 2021.
Obtaining the DFSA license is an important step in the international geographical expansion of XTB as part of our development strategy, leading to build a global brand. With the opening of our new Dubai office, we will be able to offer our services to MENA clients with world-class trading technology and best-in-class support.
In connection with questions addressed to the Company regarding the license for XTB MENA Limited in the UAE, we would like to inform you that, to the best of our knowledge, we have fulfilled all the conditions set for us by the DFSA regulator in the preliminary approval of November 2020. This is now subject to verification by the regulator and we are waiting for his decision. As soon as we receive it, we will share this information with you.
We would like to encourage you to subscribe to the XTB Investor Relations newsletter. Thanks to this, you will not miss any important information in the area of investor relations. The registration form is available on the website in the upper right corner.
Analytical Coverage Support Programme 3.0 (2021-2023)
We are pleased to announce that from July 1 this year the Analytical Coverage Support Programme 3.0 for 2021–2023 is launched, organized by the Warsaw Stock Exchange. The Programme consists in preparing analytical reports financed by the WSE by investment firms. XTB has qualified for the Programme and will be covered analytically by Trigon Dom Maklerski.
More information can be found in the WSE announcement available here.
Investor chat with the Management Board of XTB in Puls Biznesu
On behalf of the Management Board of XTB, I would like to invite you to an investor chat dedicated mainly to individual investors, which we organize together with Puls Biznesu on August 5 (Wednesday) at 13.00.
What is the outlook for XTB’s results? Will record profits translate into dividends? What determines the company’s profits? These and other questions will be answered by Omar Arnaout (President of the Management Board) and Paweł Szejko (Member of the Management Board for Finance).
More information can be found at the following link:
With reference to the announcement from the 404th meeting of the Polish Financial Supervision Authority (KNF) on 18 September 2018, the Management Board of XTB fully maintains its previous position and finds no grounds for objections regarding the company’s operations.
During the proceedings before the KNF, the Management Board provided the supervisor with extensive explanations as well as legal and quantitative expert opinions of independent entities that confirm that XTB’s use of the asymmetric deviation mechanism did not violate the principle of acting in the best interests of the clients and did not affect the clients’ transaction results. KNF’s comments on the application of this mechanism pertain to operations from January 2014 to May 2015. The guideline regarding the need for symmetrical deviation was issued by the KNF in May 2016, almost a year after the company made voluntary amendments in its IT systems.
Acting in the interest of the company and its shareholders, as well as being guided by the well being of its clients, the company intends to appeal against the decision of the supervisor.
X-Trade Brokers Dom Maklerski S.A. Management Board
XTB S.A. with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XIII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75 PLN.
XTB S.A. is operating under the licence admitted by the Securities and Exchange Commission and is regulated by the Polish Financial Supervision Authority.