August: Monthly statistics
The number of customers at Avanza has during 2019 increased by 89,200, amounting to 11,800 new customers in August. This resulted in 926,400 customers at the end of the month. Net inflow in August was SEK 2,880m*, amounting to SEK 23,000m* during 2019.
In August, the Swedish Savings Barometer was published with statistics for the second quarter 2019. Avanza's share of the savings market increased to 4.2 per cent at the end of the quarter while the share of net inflow was 7.7 per cent during the quarter. Avanza's share of net inflow is seasonally lower during the second quarter. Rolling 12M net inflow amounted to 13.4 per cent, which exceeds the target of at least 10 per cent.
Avanza's share of new lending in the mortgage market amounted to 2.99 per cent during the second quarter, including Private Banking mortgages and external mortgage volume via Stabelo.
| Aug-19 | Jul-19 | Change month % |
Aug-18 | Change year % |
||
| No. Customers | 926,400 | 914,600 | 1 | 797,800 | 16 | |
| Net inflow, SEKm | 2,880 | * | 4,240 | -32 | 3,460 | -17 |
| Savings capital, SEKm | 368,000 | 370,900 | -1 | 328,400 | 12 | |
| of which deposits | 61,000 | * | 60,300 | 1 | 49,500 | 23 |
| Lending, SEKm | 20,500 | * | 20,000 | 2 | 12,700 | 61 |
| of which margin lending | 4,650 | * | 4,670 | 0 | 4,390 | 6 |
| of which mortgage loans | 7,070 | * | 6,920 | 2 | 5,760 | 23 |
| of which external mortgage volume (Bolån+) | 8,820 | * | 8,430 | 5 | 2,570 | 243 |
| No. of commission generating notes per day** | 71,700 | 75,100 | -5 | 66,600 | 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 8 409 420 17
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 a better return on your savings than with any other bank or pension provider in Sweden. Services include saving in shares, funds, savings accounts, mortgages and a strong pension offering. Avanza has more than 900,000 customers with over SEK 300 billion in total savings capital. This is equivalent to 4.2 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 nine years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: investors.avanza.se/en