Avanza Bank (AZA) Company presentation summary

Platform and customer position

• 2,391,100 customers and SEK 1,277bn in savings capital at 30 September 2026; Swedish savings-market share was 8.7% at 30 June 2026.

• 697 employees and 2025 eNPS of 57; most satisfied savings customers in Sweden for 16 consecutive years, with R12M churn of 0.7% at 30 September 2026.

• Platform offers over 80,000 investment opportunities across trading, funds, pensions, savings accounts, mortgages and margin lending.

• Customer proposition emphasizes a low-cost, simple experience, real-time data, education and decision-making tools rather than investment advice.

Business model and market position

• Capital-light, fee-based model with 9M 2026 income split of net interest 35%, brokerage 26%, fund commissions 18%, currency-related income 16% and other income 5%.

• Mainly fixed costs, with ~60% staff-related; presentation highlights scalability, high interest-rate sensitivity and financing through equity and customer deposits.

• Largest participant in Swedish stock-market transactions: 19.6% transaction share and 8.5% turnover share on Nasdaq OMX and First North in Q3 2026.

• Swedish savings market totaled SEK 13,900bn; average annual market growth was 6% over the last 10 years.

Growth opportunities

• Growth levers include increasing share of wallet, attracting young savers, expanding relevance through a broad offering and encouraging increased savings among women.

• Customer wealth tends to increase with age and customer tenure, supporting potential from existing customers and future wealth transfers to younger generations.

• Pension savings capital reached SEK 1,062bn in the addressable unit-linked occupational pension market at end-2025; transfer-right improvements could support growth.

• External mortgage partnerships and digitalisation, including open finance, are presented as opportunities to attract assets and reduce switching friction.