May: Monthly statistics
The number of customers at Avanza has during 2017 increased by 56,300 amounting to 9,880 new customers in May. This resulted in 626,900 customers at the end of the month. Net inflow in May was SEK 3,190m*, amounting to SEK 13,800m* year to date. Net inflow in May 2016 included SEK 700m from the expanded Remium cooperation.
In May, the Swedish Savings Barometer was published with statistics for the first quarter 2017. Avanza's share of the savings market was 3.3 per cent at the end of the quarter (3.3 per cent in the fourth quarter 2016) and the share of net inflow was 18.6 per cent. Rolling 12M net inflow amounted to 12.2 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 3.6 per cent (2.7). Avanza Pension is the third largest with respect to inflow of transferred capital on the Swedish life insurance market.
| May 2017 |
April 2017 |
Change month % |
May 2016 |
Change year % |
|
| No. of commission generating notes per day** | 54,200* | 52,800 | 3 | 44,000 | 23 |
| Savings capital, SEKm | 261,000 | 255,100 | 2 | 203,700 | 28 |
| Lending, SEKm | 8,610* | 8,800 | –2 | 6,680 | 29 |
| of which mortgage loans, SEKm | 4,580* | 4,500 | 2 | 2,990 | 53 |
| of which securities loans, SEKm | 4,030* | 4,290 | –6 | 3,700 | 9 |
| Deposits, SEKm | 38,700* | 36,400 | 6 | 33,700 | 15 |
| No. customers | 626,900 | 617,000 | 2 | 509,000 | 23 |
| Net inflow, SEKm | 3,190* | 2,030 | 57 | 3,810 | –16 |
* 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, 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 – 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
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