The number of customers at Avanza has during 2024 increased by 32,900, amounting to 17,700 net new customers in February. This resulted in 1,934,000 customers at the end of the month. Net inflow in February was SEK 6,210m, amounting to SEK 14,300m during 2024.
In mid-February, the Swedish Savings Barometer was published with statistics for the fourth quarter 2023. Avanza's share of the savings market increased to 7.1 per cent from 6.5 per cent in the third quarter and 6.4 per cent a year earlier. Avanza's net inflow in the fourth quarter amounted to just over SEK 18bn, corresponding to 100.1 per cent of the net flow to the savings market - which also amounted to just over SEK 18bn during the same period. The net flow to the savings market was affected by large outflows in deposits and individual pensions at other institutions. Rolling 12M, Avanza's share of the net flow to the savings market amounted to 22.5 per cent.
Avanza's market share of premiums paid for non-collective agreement occupational pension insurance was 8.5 per cent in 2023 according to statistics from Insurance Sweden, unchanged from 8.5 per cent a year earlier. Avanza's share of the premiums paid to the entire Swedish life insurance market, including endowment insurance, was 9.2 per cent in 2023.
Feb-24
Jan-24
Change month %
Feb-23
Change year %
No. Customers
1,934,000
1,916,200
1
1,797,800
8
Net inflow, SEKm
6,210
8,080
-23
4,640
34
Savings capital, SEKm
816,800
789,600
3
715,100
14
of which deposits
102,500
103,700
-1
90,400
13
of which Savings account
27,300
27,300
0
4,090
567
of which external deposits
42,000
42,600
-1
35,400
19
Internally financed lending, SEKm
20,300
20,000
1
19,700
3
of which margin lending
8,820
8,500
4
8,330
6
of which mortgages
11,500
11,500
0
11,300
2
External mortgages, SEKm
20,000
20,200
-1
23,700
-16
No. of brokerage-generating
notes per trading day**
151,900
135,000
13
165,900
-8
Turnover in brokerage-generating
securities per trading day, SEKm**
3,720
3,180
17
4,280
-13
of which foreign trades, SEKm
720
570
26
590
22
* Figures for the current month are preliminary.
** Excluding commission notes and turnover for mutual funds and non-brokerage generating trades such as Avanza Markets and brokerage class Start.
For further information please contact:
Sofia Svavar, Chief Communications & IR Officer, +46 70 761 80 53, sofia.svavar@avanza.se
Avanza is a digital platform for savings and investments, founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza's customer promise is that you as a customer will have more left in your own pockets than with any other bank or pension company. Services include saving in shares, funds, savings accounts, mortgages, and a strong pension offering. Avanza has over 1.9 million customers with over SEK 800 billion in total savings capital. This is equivalent to 7.1 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange. During the last 14 years Avanza has won SKI's (Swedish Quality Index) award, "Year's Most Satisfied Savings Customers". For more information visit: avanza.se/ir
Attachments:
February Monthly statistics.pdf
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Avanza Bank Holding AB published this content on
05 March 2024 and is solely responsible for the information contained therein. Distributed by
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05 March 2024 07:46:03 UTC.
Avanza Bank Holding AB is a Sweden-based company engaged in the financial services sector. The Company offers a platform for savings and investments. Avanza Bank Holding is the Parent Company of the Avanza Group. The operational activities are conducted by its subsidiaries: Avanza Bank AB (publ), Forsakringsaktiebolaget Placera Media Stockholm AB and Avanza Fonder AB. The Company offers a broad range of savings products, as pension offering and mortgages. Customers are offered to save in Swedish and foreign securities and in savings accounts, with no fixed account charges and a low brokerage fee. The Company primarily targets individual investors, but also offers services for professional investors and corporate customers, such as entrepreneurs, asset managers and those who want occupational pension.