Avanza Auto, which was launched in late September, has had strong inflow of capital. From the launch up to the end of November nearly 23,000 customers have invested over SEK 900m in the funds. In mid-November Avanza launched a mortgage offering in co-operation with Stabelo. Initially, the offering was addressed to customers who had previously registered their interest in mortgage loans. The initial reactions to the new mortgage loan have been positive with a large number of potential customers registering on the website.
In November, the Swedish Savings Barometer was published with statistics for the third quarter 2017. Avanza's share of the savings market was 3.6 per cent at the end of the quarter (3.5 per cent in the second quarter) and the share of net inflow was 9.4 per cent. Rolling 12M net inflow amounted to 11.8 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 3.9 per cent (3.2).
| November 2017 |
October 2017 |
Change month % |
November 2016 |
Change year % |
|
| No. customers | 697,400 | 682,800 | 2 | 561,900 | 24 |
| Net inflow, SEKm | -860* | 3,120 | -128 | 2,160 | -140 |
| Savings capital, SEKm | 273,400 | 280,000 | -2 | 226,000 | 21 |
| Lending, SEKm | 9,380* | 9,160 | 2 | 7,980 | 18 |
| of which mortgage loans, SEKm | 5,190* | 5,100 | 2 | 3,870 | 34 |
| of which margin lending, SEKm | 4,180* | 4,070 | 3 | 4,110 | 2 |
| Deposits, SEKm | 42,300* | 42,400 | 0 | 34,500 | 23 |
| No. of commission generating notes per day** | 59,500 | 62,200 | -4 | 58,200 | 2 |
* Preliminary figures.
** Excluding commission notes for mutual funds, Avanza Markets, equities in brokerage class “Start” and institutional customers.
