January: Monthly statistics and new partnership
As per January 31 2014, the number of customers at Avanza Bank amounted to 322,500, an increase of 6,000 since the beginning of 2014. The number of accounts amounted to 556,500. Preliminary net inflow in January was SEK 2,250 m.
Avanza Bank is negotiating a partnership with another Swedish institute. The partnership is estimated to start during the second half of 2014 and is expected to yield a growth in savings capital of SEK 4-5 billion. It will not require changes in Avanza Bank’s operation nor any investment costs. Avanza expects the revenues from this savings capital to be slightly lower than that of current capital. Assuming that the negotiations go as planned the parties are estimated to be ready to enter a contract in March. As soon as the contract has been signed more information on the partnership can be disclosed.
| Monthly statistics – January | |||||
| No. transactions* per day | Change one month | Change one year | January** 2014 | December 2013 | January 2013 |
| Avanza Bank | 25 % | 9 % | 32,500 | 26,000 | 29,900 |
| Nordnet | 22 % | 3 % | 22,000 | 18,100 | 21,300 |
| Skandiabanken | 29 % | 16 % | 2,200 | 1,700 | 1,900 |
| Other banks | Not separately reported | Not separately reported | - | - | - |
| Private savers, total | 24 % | 7 % | 56,700 | 45,800 | 53,100 |
| Avanza Bank | Change one month | Change one year | 31 January 2014 | 31 December 2013 | 31 January 2013 |
| Savings capital, SEK m | 1 % | 26 % | 113,800 | 112,600 | 90,000 |
| Lending, SEK m | 9 % | 19 % | 3,590** | 3,290 | 3,010 |
| of which Mortgage loans, SEK m | 200 % | - | 270** | 90 | - |
| Deposits, SEK m | -2 % | 17 % | 17,300** | 17,600 | 14,800 |
| No. customers | 2 % | 12 % | 322,500 | 316,500 | 286,700 |
| No. accounts | 2 % | 16 % | 556,500 | 544,900 | 479,900 |
| January** 2014 | December 2013 | January 2013 | |||
| Net inflow, SEK m | 92 % | 91 % | 2,250 | 1,170 | 1,180 |
* Buying and selling transactions carried out in NASDAQ OMX Stockholm and First North. Statistics from NASDAQ OMX.
** Preliminary figures.
For further information please contact:
Martin Tivéus, Managing Director
46 70 861 80 04
martin.tiveus@avanzabank.se
Avanza Bank is an Internet bank founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza Bank’s vision is that as a customer you will have more money in your pocket than if you banked with other banks or institutions. The services include, amongst other things, saving in shares, funds, savings accounts and a strong pension offering. Avanza Bank has more than 320,000 customers and more than SEK 110 billion in savings capital. This is equivalent to approximately 2 percent of the Swedish savings market. Avanza Bank is the largest in terms of the number of transactions of Swedish banks on the Stockholm Stock Exchange. During the last four years Avanza Bank has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: www.avanzabank.se
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