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    AZA   SE0012454072

AVANZA BANK HOLDING AB (PUBL)

(AZA)
  Report
Real-time Estimate Cboe Europe  -  08:34 2022-12-05 am EST
214.15 SEK   -2.21%
01:01aAvanza has Sweden's most satisfied savers – for the thirteenth year in a row
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11/30Europe's STOXX 600 logs best month since July on China, smaller rate hikes cheer
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11/30Lower impact on Avanza's net interest income after the latest policy rate hike
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The Swedish FSA's results from its 2022 review and evaluation process of Avanza

10/04/2022 | 02:31am EST

The notification from the Swedish Financial Supervisory Authority (SFSA) regarding Avanza’s Pillar 2 guidance on the leverage ratio is fully consistent with the expectation of 0.9 per cent. The total leverage ratio requirement thereby amounts to 3.9%.

The SFSA has concluded its Supervisory Review and Evaluation Process (SREP) of Avanza and decided on a Pillar 2 requirement (P2R) and Pillar 2 guidance (P2G) on Avanza’s consolidated situation consisting of Avanza Bank Holding AB, Avanza Bank AB and Avanza Fonder AB.

Avanza’s capitalisation is determined by the leverage ratio requirement. The SFSA has informed Avanza of Pillar 2 guidance on the leverage ratio requirement at the Group level of 0.9 per cent, beyond the minimum requirement for the leverage ratio of 3.0 per cent. This is fully consistent with previously announced expectations. Avanza reported a leverage ratio of 4.4 per cent as of 30 June 2022.

The SFSA has also decided on a Pillar 2 requirement of 3.59 per cent of the Group’s total risk exposure amount as well as a Pillar 2 requirement for Avanza Bank AB. The capital ratios at the Group level as well as for the bank exceed by a good margin the requirements set by the SFSA.

For further information please contact:
Sofia Svavar, Chief Communications & IR Officer
+46 8 409 420 17
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

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2022 2 929 M 282 M 282 M
Net income 2022 1 602 M 154 M 154 M
Net Debt 2022 54 599 M 5 259 M 5 259 M
P/E ratio 2022 21,4x
Yield 2022 3,37%
Capitalization 34 300 M 3 304 M 3 304 M
EV / Sales 2022 30,3x
EV / Sales 2023 26,3x
Nbr of Employees 649
Free-Float 81,4%
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Technical analysis trends AVANZA BANK HOLDING AB (PUBL)
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 219,00 SEK
Average target price 191,00 SEK
Spread / Average Target -12,8%
EPS Revisions
Managers and Directors
Rikard Valdemar Josefson Chief Executive Officer
Anna Casselblad Chief Financial Officer
Sven Johan G÷sta Hagstr÷mer Chairman
Peter Almqvist Chief Information Officer
Gunnar Jonny Olsson Chief Operating Officer & Deputy CEO
Sector and Competitors