The number of customers at Avanza has during 2022 increased by 107,300, amounting to 3,420 new customers in October. This resulted in 1,767,400 customers at the end of the month. As a result of an insurance portfolio transfer to Futur Pension, the number of customers decreased by 550. More information below.
Net inflow in October was SEK -930m, amounting to SEK 30,100m during 2022. The net inflow in October includes an insurance portfolio transfer of collectively agreed occupational pensions of SEK -940m to Futur Pension. Excluding this transfer, net inflow amounted to SEK 10m, compared to SEK -220m in September. Inflows were stable compared to recent months, while outflows continued to be negatively affected by the market uncertainty and where recent rate hikes led primarily Private Banking customers to withdraw cash from Avanza in favour of savings accounts with higher interest rates. Net inflow from corporate customers was positive during October.
The insurance portfolio transfer to Futur Pension will negatively affect the net inflow by approximately SEK -2,4 billion, of which the remaining approximately SEK -1,5 billion is set to be transferred in November. Avanza has not been active within collectively agreed occupational pensions for the last seven years.
| Oct-22 | Sep-22 | Change month % | Oct-21 | Change year % | |
| No. Customers | 1,767,400 | 1,764,000 | 0 | 1,613,300 | 10 |
| Net inflow, SEKm | -930 | -220 | 323 | 4,300 | - |
| Net inflow excluding items affecting comparability, SEKm | 10 | -220 | - | 4,300 | -100 |
| Savings capital, SEKm | 665,400 | 639,900 | 4 | 765,600 | -13 |
| of which deposits | 98,800 | 100,100 | -1 | 86,000 | 15 |
| Lending, SEKm | 43,500 | 43,500 | 0 | 38,300 | 14 |
| of which margin lending | 8,690 | 8,970 | -3 | 9,800 | -11 |
| of which internally financed mortgages | 11,200 | 11,200 | 0 | 10,000 | 12 |
| of which external mortgages | 23,600 | 23,300 | 1 | 18,500 | 28 |
| No. of brokerage-generating notes per trading day** | 132,700 | 136,900 | -3 | 211,100 | -37 |
| Turnover in brokerage-generating securities per trading day, SEKm*** | 3,660 | 3,340 | 10 | 5,910 | -38 |
| of which foreign trades, SEKm | 420 | 440 | -5 | 790 | -47 |
* 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
