The number of customers at Avanza has during 2022 increased by 96,800, amounting to 9,730 new customers in August. This resulted in 1,756,900 customers at the end of the month. Net inflow in August was SEK 2,880m, amounting to SEK 31,200m during 2022.
At the end of August, the Swedish Savings Barometer was published with statistics for the second quarter 2022. Avanza’s share of the savings market decreased to 6.3 per cent from 6.5 per cent a year earlier. Increased deposits to the savings market along with the negative market development affected the market share. The share of the net inflow was 4.7 percent. The net inflow is seasonally lower in the second quarter due to dividends, tax refunds, higher premium pensions, and partly premiums paid to collectively agreed occupational pensions, which are not included in Avanza's customer offering. Rolling 12M the share of the net inflow amounted to 13.0 per cent.
Avanza's share of new lending in the mortgage market amounted to 3.1 per cent during the second quarter 2022, including internal and external mortgages. This was an increase from 2.8 per cent in the second quarter 2021.
Avanza’s market share of premiums paid for non-collective agreement occupational pension insurance increased to 8.2 per cent during July 2021 – June 2022 according to statistics from Insurance Sweden. This was an increase from 7.7 per cent during the corresponding period the previous year. Avanza’s share of the premiums paid to the entire Swedish life insurance market, including endowment insurance, during the last twelve-month period was 10.6 per cent.
| Aug-22 | Jul-22 | Change month % | Aug-21 | Change year % | |
| No. Customers | 1,756,900 | 1,747,200 | 1 | 1,567,300 | 12 |
| Net inflow, SEKm | 2,880 | 3,380 | -15 | 6,110 | -53 |
| Savings capital, SEKm | 681,500 | 707,800 | -4 | 763,400 | -11 |
| of which deposits | 99,600 | 100,700 | -1 | 84,400 | 18 |
| Lending, SEKm | 44,100 | 44,100 | 0 | 36,700 | 20 |
| of which margin lending | 9,660 | 9,710 | -1 | 9,110 | 6 |
| of which internally financed mortgages | 11,200 | 11,100 | 1 | 9,870 | 13 |
| of which external mortgages | 23,200 | 23,300 | 0 | 17,700 | 31 |
| No. of brokerage-generating notes per trading day** | 149,200 | 136,600 | 9 | 213,500 | -30 |
| Turnover in brokerage-generating securities per trading day, SEKm*** | 3,680 | 3,540 | 4 | 5,420 | -32 |
| of which foreign trades, SEKm | 670 | 410 | 63 | 750 | -11 |
* Figures for the current month are preliminary.
** 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, Chief Communications & IR Officer, +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 1.7 million customers with over SEK 600 billion in total savings capital. This is equivalent to over 6 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 twelve years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
