November: Monthly statistics
The number of customers at Avanza has during 2018 increased by 119,000, amounting to 9,200 new customers in November. This resulted in 829,700 customers at the end of the month. Net inflow in November was SEK 2,730*m, amounting to SEK 26,700*m during 2018.
In November, the Swedish Savings Barometer was published with statistics for the third quarter 2018. Avanza's share of the savings market increased to 4.0 per cent at the end of the quarter and the share of net inflow was 16.5 per cent. Rolling 12M net inflow amounted to 11.0 per cent, which exceeds the target of at least 10 per cent.
Avanza’s market share of premiums paid for occupational pension insurance was 4.8 per cent during the period October 2017 – September 2018 according to statistics from Insurance Sweden. This was an increase from 3.9 per cent during the corresponding period the previous year.
| November 2018 |
October 2018 |
Change month % |
November 2017 |
Change year % |
|
| No. customers | 829,700 | 820,500 | 1 | 697,400 | 19 |
| Net inflow, SEKm | 2,730* | 2,740 | 0 | -860 | - |
| Savings capital, SEKm | 314,900 | 317,300 | -1 | 282,800 | 11 |
| of which deposits, SEKm | 55,400* | 53,000 | 5 | 42,300 | 31 |
| Lending, SEKm | 13,800* | 13,400 | 3 | 9,380 | 47 |
| of which margin lending, SEKm | 4,360* | 4,420 | -1 | 4,180 | 4 |
| of which mortgage loans, SEKm | 5,940* | 5,840 | 2 | 5,190 | 14 |
| of which external mortgage volume (Bolån+), SEKm | 3,460* | 3,110 | 11 | - | - |
| No. of commission generating notes per day** | 59,100 | 69,100 | -14 | 59,500 | -1 |
* 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. Services include saving in shares, funds, savings accounts, mortgages and a strong pension offering. Avanza has more than 800,000 customers with over SEK 300 billion in total savings capital. This is equivalent to 4.0 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: investors.avanza.se/en
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