Avanza Bank (AZA) investor relations material

Strategic positioning and business model

• Leading Swedish savings and investment platform with 2.3 million customers and SEK 1,074 billion in savings capital as of March 2026.

• Focus on customer satisfaction, winning most satisfied savings customers in Sweden for 16 consecutive years.

• Capital-light, fee-based business model with high scalability and low risk, primarily funded by customer deposits and equity.

• Broad product offering includes mutual funds, equities, savings accounts, mortgages, and decision-making tools.

• No investment advice provided; emphasis on tools, education, and user empowerment.

Financial performance and growth

• Operating income reached SEK 4,495 million in 2025, with a 17% increase in operating profit to SEK 3,078 million.

• Operating margin at 68% and ROE at 40% for 2025, reflecting strong profitability.

• Net interest income accounted for 35% of total income, with net brokerage and fund commissions at 27% and 18% respectively.

• Cost control remains a priority, with personnel costs making up 58% of total expenses.

• No realized credit losses for over a decade; credit losses remain below 0.02% annually.

Market position and customer base

• Holds 8.3% market share of the Swedish savings market and 21.3% share of stock market transactions as of Q1 2026.

• Market penetration at 20.5% of the Swedish population, with highest rates among ages 20-39 and in urban areas.

• Diversified customer base, from novices to professional traders, with tailored offerings for each segment.

• Strong brand loyalty, with churn rate at 1.3% and high daily active user numbers.

• Significant growth potential in younger demographics and as wealth transfers to the next generation.