The number of customers at Avanza has during 2021 increased by 287,000, amounting to 24,300 new customers in August. This resulted in 1,567,300 customers at the end of the month. Net inflow in August was SEK 6,110m*, amounting to SEK 66,800m* during 2021.
At the end of August, statistics from the Swedish Savings Barometer (Sparbarometern) were published for the second quarter of 2021. Avanza's share of the savings market increased to 6.5 percent. The share of the net inflow was 11.9 percent and for the twelve-month period amounted to 18.2 percent. The net inflow is seasonally lower in the second quarter due to dividends, tax refunds, higher premium pensions and partly annual payments to contractual pensions, which are not included in Avanza's customer offering.
Avanza's share of new lending in the mortgage market during the second quarter amounted to 2.8 percent, including both Avanza's internally financed Superbolån PB and external mortgage volume.
At the same time, statistics from Insurance Sweden (Svensk Försäkring) regarding the second quarter of 2021 show that Avanza's share of the premiums paid to the Swedish life insurance market during the last twelve-month period was 12.9 percent. This makes Avanza the largest player in Sweden in terms of premiums paid for pension and life insurance exposed to competition (refers to both occupational pension and endowment insurance).
| Aug-21 | Jul-21 | Change month % | Aug-20 | Change year % | ||
| No. Customers | 1,567,300 | 1,543,000 | 2 | 1,164,000 | 35 | |
| Net inflow, SEKm | 6,110 | * | 7,250 | -16 | 4,950 | 23 |
| Savings capital, SEKm | 763,400 | 750,700 | 2 | 493,900 | 55 | |
| of which deposits | 84,400 | * | 81,400 | 4 | 76,200 | 11 |
| Lending, SEKm | 36,700 | * | 36,500 | 1 | 26,300 | 40 |
| of which margin lending | 9,110 | * | 9,140 | 0 | 5,970 | 53 |
| of which mortgage loans | 9,870 | * | 9,820 | 1 | 8,700 | 13 |
| of which external mortgage volume (Bolån+) | 17,700 | * | 17,600 | 1 | 11,700 | 51 |
| No. of brokerage-generating notes per trading day** | 213,500 | 198,200 | 8 | 164,900 | 29 | |
| Turnover in brokerage-generating securities per trading day, SEKm*** | 5,420 | 5,090 | 6 | 4,230 | 28 | |
| of which foreign trades, SEKm | 750 | 710 | 6 | 510 | 47 |
* Preliminary figures.
** Excluding commission notes for mutual funds, non-brokerage generating notes within Avanza Markets and brokerage class Start, as well as institutional customers.
*** Excluding turnover in mutual funds and Avanza Markets.
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 over 1.5 million customers with over SEK 700 billion in total savings capital. This is equivalent to 6.5 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange. During the last eleven years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
