April: Monthly statistics

The number of customers at Avanza has during 2020 increased by 108,500, amounting to 22,400 new customers in April. This resulted in 1,084,900 customers at the end of the month. Net inflow in April was SEK 7,900m*, amounting to SEK 29,800m* during 2020.

The net inflow for April includes an inflow of SEK 2,200 million linked to closer cooperation with an asset management firm. This is estimated to contribute to a net inflow of SEK 4,500 million. The remaining capital is expected to be transferred in May and June.

During April, the customers of Avanza bought funds worth just under SEK 3 billion, net. At the end of the month, savings capital invested in mutual funds amounted to SEK 104 billion.

	Apr-20		Mar-20	Change month %	Apr-19	Change year %
No. Customers	1,084,900		1,062,500	2	883,300	23
Net inflow, SEKm	7,900	*	9,090	-13	3,320	138
Savings capital, SEKm	407,400		368,200	11	354,000	15
of which deposits	81,700	*	84,300	-3	57,500	42
Lending, SEKm	24,000	*	23,100	4	18,300	31
of which margin lending	4,830	*	4,290	13	4,620	5
of which mortgage loans	8,510	*	8,390	1	6,390	33
of which external mortgage volume (Bolån+)	10,700	*	10,400	3	7,300	47
No. of commission generating notes per day**	165,300		187,100	-12	71,800	130

* Preliminary figures.
** Excluding commission notes for mutual funds, Avanza Markets, equities in brokerage class “Start” and institutional customers.

For further information please contact:

Sofia Svavar, Head of Investor Relations, [phone], [e-mail]

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 more than 1 million customers with over SEK 400 billion in total savings capital. This is equivalent to 4.5 per cent of the Swedish savings market. Avanza is largest in terms of number of transactions among Swedish banks on the Stockholm Stock Exchange including First North. During the last ten years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: investors.avanza.se

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April: Monthly statistics

© Modular Finance, source Nordic Press Releases