October: Monthly statistics

The number of customers at Avanza has during 2020 increased by 243,400, amounting to 25,100 new customers in October. This resulted in 1,219,800 customers at the end of the month. Net inflow in October was SEK 6,100m*, amounting to SEK 63,700m* during 2020.

	Oct-20		Sep-20	Change month %	Oct-19	Change year %
No. Customers	1,219,800		1,194,700	2	950,800	28
Net inflow, SEKm	6,100	*	6,100	0	1,990	207
Savings capital, SEKm	498,400		514,200	-3	386,200	29
of which deposits	79,800	*	76,000	5	62,200	28
Lending, SEKm	28,300	*	27,300	4	22,000	29
of which margin lending	6,490	*	6,280	3	4,950	31
of which mortgage loans	9,080	*	8,830	3	7,500	21
of which external mortgage volume (Bolån+)	12,700	*	12,200	4	9,550	33
No. of commission generating notes per day**	175,400		170,800	3	73,600	138

* 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 nearly SEK 500 billion in total savings capital. This is equivalent to 4.9 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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October: Monthly statistics

© Modular Finance, source Nordic Press Releases