The number of customers at Avanza has during 2024 increased by 32,900, amounting to 17,700 net new customers in February. This resulted in 1,934,000 customers at the end of the month. Net inflow in February was SEK 6,210m, amounting to SEK 14,300m during 2024.
In mid-February, the Swedish Savings Barometer was published with statistics for the fourth quarter 2023. Avanza’s share of the savings market increased to 7.1 per cent from 6.5 per cent in the third quarter and 6.4 per cent a year earlier. Avanza’s net inflow in the fourth quarter amounted to just over SEK 18bn, corresponding to 100.1 per cent of the net flow to the savings market – which also amounted to just over SEK 18bn during the same period. The net flow to the savings market was affected by large outflows in deposits and individual pensions at other institutions. Rolling 12M, Avanza’s share of the net flow to the savings market amounted to 22.5 per cent.
Avanza’s market share of premiums paid for non-collective agreement occupational pension insurance was 8.5 per cent in 2023 according to statistics from Insurance Sweden, unchanged from 8.5 per cent a year earlier. Avanza’s share of the premiums paid to the entire Swedish life insurance market, including endowment insurance, was 9.2 per cent in 2023.
| Feb-24 | Jan-24 | Change month % | Feb-23 | Change year % | |
| No. Customers | 1,934,000 | 1,916,200 | 1 | 1,797,800 | 8 |
| Net inflow, SEKm | 6,210 | 8,080 | -23 | 4,640 | 34 |
| Savings capital, SEKm | 816,800 | 789,600 | 3 | 715,100 | 14 |
| of which deposits | 102,500 | 103,700 | -1 | 90,400 | 13 |
| of which Savings account | 27,300 | 27,300 | 0 | 4,090 | 567 |
| of which external deposits | 42,000 | 42,600 | -1 | 35,400 | 19 |
| Internally financed lending, SEKm | 20,300 | 20,000 | 1 | 19,700 | 3 |
| of which margin lending | 8,820 | 8,500 | 4 | 8,330 | 6 |
| of which mortgages | 11,500 | 11,500 | 0 | 11,300 | 2 |
| External mortgages, SEKm | 20,000 | 20,200 | -1 | 23,700 | -16 |
| No. of brokerage-generating notes per trading day** | 151,900 | 135,000 | 13 | 165,900 | -8 |
| Turnover in brokerage-generating securities per trading day, SEKm** | 3,720 | 3,180 | 17 | 4,280 | -13 |
| of which foreign trades, SEKm | 720 | 570 | 26 | 590 | 22 |
* Figures for the current month are preliminary.
** Excluding commission notes and turnover for mutual funds and non-brokerage generating trades such as Avanza Markets and brokerage class Start.
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 that you as a customer will have more left in your own pockets than with any other bank or pension company. Services include saving in shares, funds, savings accounts, mortgages, and a strong pension offering. Avanza has over 1.9 million customers with over SEK 800 billion in total savings capital. This is equivalent to 7.1 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 14 years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir
