The number of customers at Avanza has during 2022 increased by 74,800, amounting to 3,260 new customers in May. This resulted in 1,734,900 customers at the end of the month. Following the replacement of the backoffice system in mid-April, the regular customer termination process was halted during April, resulting in a spillover effect in May. Gross intake of new customers in May were in line with April. Net inflow in May was SEK 2,780m, amounting to SEK 21,900m during 2022.
In May, the Swedish Savings Barometer was published with statistics for the first quarter 2022. Avanza's share of the savings market was 6.7 per cent at the end of the quarter while the share of net inflow was 16.8 per cent. Rolling 12M the share of net inflow amounted to 15.5 per cent.
Avanza's share of new lending in the mortgage market amounted to 4.7 per cent during the first quarter 2022, including internal and external mortgages.
Avanza’s market share of premiums paid for non-collective agreement occupational pension insurance was 8.0 per cent during April 2021 – March 2022 according to statistics from Insurance Sweden. This was an increase from 7.5 per cent during the corresponding period the previous year. Regarding premiums paid to the entire Swedish life insurance market, including endowment insurance, Avanza was the largest player with a market share of 11.8 per cent.
| May-22 | Apr-22 | Change month % | May-21 | Change year % | |
| No. of Customers | 1,734,900 | 1,731,700 | 0 | 1,498,200 | 16 |
| Net inflow, SEKm | 2,780 | 2,590 | 7 | 8,950 | -69 |
| Savings capital, SEKm | 725,700 | 728,600 | 0 | 701,200 | 3 |
| of which deposits | 100,300 | 97,100 | 3 | 85,100 | 18 |
| Lending, SEKm | 43,600 | 43,600 | 0 | 34,400 | 27 |
| of which margin lending | 9,850 | 10,400 | -5 | 7,990 | 23 |
| of which internally financed mortgages | 10,900 | 10,900 | 0 | 9,750 | 12 |
| of which external mortgages | 22,800 | 22,200 | 3 | 16,700 | 37 |
| No. of brokerage-generating notes per trading day** | 165,900 | 173,400 | -4 | 244,000 | -32 |
| Turnover in brokerage-generating securities per trading day, SEKm*** | 4,280 | 4,500 | -5 | 6,040 | -29 |
| of which foreign trades, SEKm | 630 | 800 | -21 | 790 | -20 |
* 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 700 billion in total savings capital. This is equivalent to 6.7 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
