August: Monthly statistics
The number of customers at Avanza has during 2017 increased by 86,200 amounting to 10,500 new customers in August. This resulted in 656,800 customers at the end of the month. Net inflow in August was SEK 1,940m*, amounting to SEK 21,700m* year to date.
In August, the Swedish Savings Barometer was published with statistics for the second quarter 2017. Avanza's share of the savings market was 3.5 per cent at the end of the quarter (3.3 per cent in the first quarter) and the share of net inflow was 8.3 per cent. Avanza’s share of net inflow is seasonally lower during the second quarter. Rolling 12M net inflow amounted to 12.6 per cent, which exceeds the long-term target of at least 9 per cent. Statistics from Insurance Sweden showed that Avanza’s market share of premiums paid for occupational pension insurance increased to 3.8 per cent (3.0).
|No. of commission generating notes per day**||47,900*||47,300||1||49,200||–3|
|Savings capital, SEKm||260,900||261,200||0||218,700||19|
|of which mortgage loans, SEKm||4,850*||4,680||4||3,410||42|
|of which securities loans, SEKm||4,020*||4,130||–3||3,750||7|
|Net inflow, SEKm||1,940*||2,420||–20||2,110||–8|
* Preliminary figures.
** Excluding commission notes for mutual funds, Avanza Markets, equities in brokerage class “Start” and institutional customers.
For further information please contact:
Sofia Svavar, Head of Investor Relations, +46 70 761 80 53, firstname.lastname@example.org
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 a better return on your savings than with any other bank or pension provider in Sweden – due to low fees. Services include saving in shares, funds, savings accounts and a strong pension offering. Avanza has over 600,000 customers with more than SEK 250 billion in total savings capital. This is equivalent to just over 3 percent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange including First North. During the last seven years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: http://www.avanza.com