Avanza Bank

2023 was a challenging year for Swedish households, where macroeconomic conditions further underscored the importance of savings. Avanza’s customers continued to save and Avanza’s share of the net inflow to the Swedish savings market was 22 per cent for the year as a whole. This compares to a total market share of the Swedish savings market of 7.1 per cent as of year-end, according to recent statistics from Statistics Sweden’s Savings Barometer.

“Nearly two million customers have entrusted us as their partner for savings and investments. Expectations on us are high and our customers are used to a world-class user experience. Our focus going forward is to further strengthen the offering for our more active customers, help new savers to get started on their savings journey and strengthen our pension offering,” says Gunnar Olsson, Acting CEO of Avanza.

Despite macroeconomic headwinds, the net inflow to Avanza more than tripled compared to 2022 and the number of customers increased by nearly 125,000.

Read more in the Annual Report on www.avanza.se/ir.

For further information please contact:
Sofia Svavar, Chief Communications & IR Officer, +46 (0)8 409 420 17
ir@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 promise is that you as a customer will have more left in your own pocket than with any other bank or pension company. Services include savings in shares, funds and savings accounts as well as mortgages and a strong pension offering. Avanza has over 1.9 million customers with over SEK 750 billion in total savings capital. This is equivalent to 7.1 per cent of the Swedish savings market. Avanza is largest among Swedish banks in terms of number of transactions on the Stockholm Stock Exchange. For the last 14 years Avanza has won SKI’s (Swedish Quality Index) award for the “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir