The number of customers at Avanza has during 2020 increased by 122,400, amounting to 14,000 new customers in May. This resulted in 1,098,900 customers at the end of the month. Net inflow in May was SEK 6,130m*, amounting to SEK 35,900m* during 2020.
The net inflow for May includes an inflow of SEK 1,300m linked to closer cooperation with an asset management firm. This is estimated to contribute to a net inflow of SEK 4,500m, of which SEK 3,500m has been transferred.
In May, the Swedish Savings Barometer was published with statistics for the first quarter 2020. Avanza's share of the savings market was 4.4 per cent at the end of the quarter while the share of net inflow was 26.2 per cent. Rolling 12M the share of net inflow amounted to 17.8 per cent.
Avanza's share of new lending in the mortgage market amounted to 2.5 per cent during the first quarter, including Private Banking mortgages and external mortgages via Stabelo.
Avanza’s market share of premiums paid for non-collective agreement occupational pension insurance was 6.9 per cent during the period April 2019 – March 2020 according to statistics from Insurance Sweden. This was an increase from 6.1 per cent during the corresponding period the previous year.
| May-20 | Apr-20 | Change month % | May-19 | Change year % | ||
| No. Customers | 1,098,900 | 1,084,900 | 1 | 893,900 | 23 | |
| Net inflow, SEKm | 6,130 | * | 7,900 | -22 | 2,530 | 142 |
| Savings capital, SEKm | 427,800 | 407,400 | 5 | 344,600 | 24 | |
| of which deposits | 81,100 | * | 81,900 | -1 | 59,500 | 36 |
| Lending, SEKm | 24,500 | * | 24,000 | 2 | 18,600 | 32 |
| of which margin lending | 4,990 | * | 4,830 | 3 | 4,550 | 10 |
| of which mortgage loans | 8,570 | * | 8,510 | 1 | 6,590 | 30 |
| of which external mortgage volume (Bolån+) | 10,900 | * | 10,700 | 2 | 7,490 | 46 |
| No. of commission generating notes per day** | 154,000 | 165,300 | -7 | 71,200 | 116 | |
* 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 1 million customers with over SEK 400 billion in total savings capital. This is equivalent to 4.4 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 ten years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: investors.avanza.se
