Avanza Bank (AZA) investor relations material

Strategic positioning and customer focus

• Holds 8.4% market share of the Swedish savings market with SEK 1,216 billion in savings capital as of July 2026.

• No. 1 in customer satisfaction for 16 consecutive years, with a diversified customer base exceeding 2.35 million.

• Broad product suite includes mutual funds, equities, retirement plans, mortgages, and decision-making tools.

• Focuses on empowering customers through education, digital tools, and a world-class user experience.

• High daily active user engagement and extremely low churn rate of 0.8%.

Business model and financial performance

• Operates a capital-light, fee-based model with high scalability and low risk.

• H1 2026 income split: 35% net interest, 27% brokerage, 17% fund commissions, 16% currency-related, 5% other.

• Operating margin at 70% and ROE at 43% for Q2 2026.

• Maintains a solid balance sheet with CET1 ratio of 21.9% and leverage ratio of 4.7%.

• Credit losses remain negligible, with all lending secured and no realized losses since 2011.

Growth drivers and market potential

• Significant growth potential in both existing and new customer segments, especially among younger demographics.

• Market penetration at 20.5% of the Swedish population, with highest rates among ages 20–39.

• Average savings capital increases with customer tenure and age.

• Fast-growing pension business and expanding mortgage offering through external partners.

• Well-positioned to benefit from digitalization, regulatory changes, and generational wealth transfer.