Avanza Bank (AZA) Company Presentation summary

Business model and financial performance

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

• Net interest income is the largest income source (35% of H1 2025 income), followed by brokerage and fund commissions.

• Maintains a strong balance sheet with a CET1 ratio of 26.9% and leverage ratio of 4.8% as of June 2025.

• Operating margin remains high at 67% in 2024, with ROE at 38%.

• Credit losses are minimal, with no realized losses since 2011 and a conservative loan book.

Market position and customer base

• Holds a 7.9% share of the Swedish savings market and 18% of net savings inflow over the last 12 months.

• Over 2.18 million customers and SEK 1,039 billion in savings capital as of August 2025.

• Largest Swedish participant in stock market transactions (19.7% share in Q2 2025).

• High market penetration among ages 20-39, especially in urban areas.

• Customer base is diversified, ranging from novices to professional traders.

Customer experience and innovation

• Focuses on providing decision-making tools, education, and a world-class user experience rather than direct advice.

• Systematic collection of customer data enables rapid product improvements and accessibility enhancements.

• Product teams are cross-functional and empowered to innovate and maintain products throughout their lifecycle.

• Engages customers in product development through beta testing and feedback systems.