Avanza adds 13,400 customers in August as savings capital jumps 14%

Published 03/09/2025, 09:06
© Reuters.

Investing.com -- Avanza (ST:AVANZ) gained 13,400 new customers in August, bringing its total to nearly 2.19 million, while savings capital climbed 14% year-over-year to SEK 1.04 trillion.

The Swedish digital platform on Wednesday said that customer growth during 2025 has totaled 117,200 so far. 

Net inflow in August was SEK 4.27 billion, down from SEK 5.31 billion in July and SEK 7.79 billion a year earlier. For the year to date, net inflow amounted to SEK 42.9 billion.

Avanza’s share of the Swedish savings market increased to 7.9% in the second quarter of 2025, compared with 7.7% in the first quarter and 7.4% a year earlier. 

Its share of net inflow in the second quarter was 4.8%, while the rolling 12-month figure was 17.9%.

Deposits in August stood at SEK 120.1 billion, down 1% from July but up 13% from the previous year. Savings accounts rose to SEK 40.8 billion, a 1% increase from the prior month and 36% higher than in August 2024. 

External deposits decreased to SEK 34.2 billion, falling 4% month-over-month and 20% year-over-year.

Internally financed lending reached SEK 25.7 billion in August, up 2% from July and 18% higher than a year earlier. 

Margin lending totaled SEK 11.3 billion, a 3% monthly increase and 17% above the same month last year. Mortgages financed internally were SEK 14.4 billion, up 2% month-over-month and 18% from a year earlier. 

External mortgages slipped 1% from July to SEK 21.7 billion, though they were 12% higher than in August 2024.

Trading activity fell compared with July but remained higher than last year. The number of brokerage-generating notes per trading day averaged 173,900, a 3% monthly decline but a 14% increase from August 2024.

Turnover in brokerage-generating securities per trading day dropped 9% from July to SEK 4.57 billion, though it was 27% higher year-over-year. 

Foreign trades accounted for SEK 1.41 billion of the total, rising 14% from the prior month and 74% from the same period last year.

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