Interim report January – March 2011

- Operating income increased by 19 per cent (41 %) to SEK 183 million (SEK 154 m)

- The profit after tax increased by 23 per cent (66 %) to SEK 90 million (SEK 73 m)

- Earnings per share incresaed by 21 per cent (66 %) to SEK 3.23 (2.66)

- Net savings totalled SEK 4,060 million (SEK 4,420 m), corresponding to 5 per cent (7 %) of savings capital at the beginning of the year

- The number of accounts increased by 6 per cent (9 %) to 372,500 (352,200 as of 31st December 2010), and the total savings capital increased by 5 per cent (16 %) to SEK 86,100 million (SEK 82,000 m as of 31st December 2010)

- Nicklas Storåkers hands over as Managing Director within one year

 

For additional information:
Nicklas Storåkers, Managing Director of Avanza Bank, tel: +46 (0)70 861 80 01
Birgitta Hagenfeldt, CFO of Avanza Bank, tel: +46 (0)73 661 80 04

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About Us

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 providers in Sweden – due to low fees. Services include saving in shares, funds, savings accounts and a strong pension offering. Avanza has over 690,000 customers with more than SEK 270 billion in total savings capital. This is equivalent to 3.6 per cent 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 eight years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: http://www.avanza.se/ir.

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