Avanza adds 19,200 customers in August as net inflows jump 72%

Avanza Bank added 19,200 net new customers in August, bringing its total to 2.37 million, while net inflows rose 72% year-over-year to SEK 7.35 billion, though they fell 15% from July. The Swedish platform's shares rose 0.82% to SEK 391.50, outperforming the broader Stockholm market. Savings capital increased 4% month-over-month to SEK 1.264 trillion, up 22% annually, while deposits remained flat at SEK 114.4 billion. Savings account balances grew 59% year-over-year to SEK 65 billion, and internally financed lending rose 3% to SEK 33.9 billion, including gains in margin loans and mortgages. Trading activity was mixed, with commission-generating transactions per trading day up 2% from July but down 5% annually. Avanza's share of the Swedish savings market rose to 8.7% in the second quarter, up from 8.4% in the first quarter, with August figures preliminary.