Avanza Bank Holding AB (FRA:1JJA)
€ 22.52 0.1 (0.45%) Market Cap: 3.61 Bil Enterprise Value: 2.87 Bil PE Ratio: 19.49 PB Ratio: 7.27 GF Score: 81/100

Q3 2019 Avanza Bank Holding AB Earnings Call Transcript

Oct 17, 2019 / 08:00AM GMT
Release Date Price: €6.83 (+1.04%)
Operator

Ladies and gentlemen, welcome to the Avanza Bank Holding Interim Report January to September 2019. Today, I am pleased to present Rikard Josefson, CEO; and Birgitta Hagenfeldt, CFO. (Operator Instructions) I will now hand the call over to Rikard Josefson. Please begin.

Rikard Josefson;publ;CEO
Avanza Bank Holding AB

()-

Okay. Thank you very much, and good morning, everybody.

If we go to Page 2 on the presentation, we can conclude that it's been a strong quarter for Avanza. Our net inflow is up 19% quarter-to-quarter and 22% for the full 9 months, which is absolutely satisfactory. Total savings capital is up to SEK 377 billion. And we also, when we look at the statistics on the mutual fund associations, we then -- we conclude that we are, in all, taking about [20%] of all mutual funds new savings in Sweden for the first 9 months. And bear in mind that our total market share is 4.2%.

We also did a lot of updates when it comes to our mutual fund offering with a new site on the mutual funds, so we give more ESG

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