Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q2 2026 Earnings Presentation
16 slides from Avanza Bank Holding Ab's earnings presentation, Jul 14, 2026
Slide 1: Avanza's second quarter 2026
Avanza's second *. — quarter 2026 Analyser fran Placera Rek Rek | Neutral Sal TF nek Kop Kepler Cheuvreux Results presentation 90% AVANZA ull
Slide 2: Key highlights from the second quarter
Key highlights from the second quarter Further democratised the Another record set of Risk-on sentiment and a Swedish savings market results – operating profit strong appetite for by opening up historically at SEK 928 million foreign trading institution-only ABBs to private investors Ranked once aga
Slide 3: Avanza stands strong and is well positioned as sentiment improves
Avanza stands strong and is well Close to 100,000 new customers in H1 2026 positioned as sentiment improves • A strong testament to our continued growth capacity • Although geopolitical uncertainty remains, the – even with a market penetration exceeding 20% of Swedish economy is beginning to pick up
Slide 4: Clear risk-on sentiment among the trading customers
Clear risk-on sentiment among the trading customers Sustained high trading activity across the customer base Record foreign trading driven by widespread 700 000 120 000 35% interest in AI and semiconductors 600 000 100 000 30% 500 000 25% 80 000 400 000 20% 60 000 300 000 15% 40 000 200 000 10% 100
Slide 5: A strong fund business means a more resilient revenue base with recurring income
A strong fund business means a more resilient revenue base with recurring income A higher share of global and U.S. fund exposure • Customers’ net inflow to mutual funds amounted to cushions the margin impact from index growth 0,270% 56% nearly SEK 17 billion, marking the highest levels ever seen dur
Slide 6: A consistent high pace in product development
A consistent high pace in product development A few highlights from our new launches in Q2 New Pension portal – Avanza Sweden introduced – simplifying administration for a broad index fund covering corporate customers with 99% of the Stockholm Stock occupational pension for their Exchange at 0.17% f
Slide 7: Preparations for our Danish expansion moving forward according to plan
Preparations for our Danish expansion moving forward according to plan Organisation and go-to-market plan • Establishing branch • Recruiting branch manager and other key positions • Detailing the go-to-market plan Platform & Product • AI led product development according to plan – high speed platfor
Slide 8: Financials – Q2 results
neeceetl| Financials — Q2 results
Slide 9: Another record set of results
Another record set of results Q2 26 Q1 26 ∆% Q2 25 ∆% H1 26 H1 25 ∆% Operating income, SEK m 1,334 1,257 6 1 062 26 2,591 2,214 17 Operating expenses, SEK m –406 –377 8 –353 15 –783 –687 14 Operating profit, SEK m 928 879 6 709 31 1,807 1,527 18 Profit for the period, SEK m 795 754 5 600 33 1,549 1,
Slide 10: Continued strong income mix
Continued strong income mix 1 334 1 300 1 257 1 200 1 152 1 142 1 139 1 100 1 062 1 062 1 000 951 959 929 Income split, % 868 854 882 900 833 Q2-26 800 Revenue, SEK m 4 700 26 600 36 500 17 400 17 300 NII Funds FX 200 Brokerage Other 100 0 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-23 Q4-24 Q1-25 Q2-25
Slide 11: NII at a new all-time high
NII at a new all-time high 486 431 409 398 Average interest rates 388 84 404 418 Q1 26 Q2 26 385 402 398 406 6 Internally financed Internally financed 390 372 lending: 2.80% lending: 2.70% Deposits: 0.76% Deposits: 0.79% 349 485 480 471 439 534 428 402 450 356 360 410 398 413 Volumes, SEK bn 279 SEK
Slide 12: Cost development according to plan
Cost development according to plan 406 402 400 377 353 350 341 335 333 324 Cost split, % 306 303 300 Q2-26 Operating expenses, SEK m 300 289 287 266 250 31 200 62 6 2 150 100 Personnel Marketing Other Depreciation 50 0 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-
Slide 13: Solid capital position
Solid capital position 30 June 2026 31 December 2025 Consolidated situation % SEK m % SEK m Total capital ratio / Own funds 28.1 5,879 26.5 5,027 Total capital requirement1) 17.5 3,661 17.5 3,328 Capital surplus 10.6 2,218 8.9 1,700 Leverage ratio / Tier 1 Capital 4.7 5,879 4.4 5,027 LR-requirement
Slide 14: Solid capital position
Solid capital position Leverage ratio SEK m CET1 capital SEK m Total capital SEK m 5 000 7 000 6 000 4 500 6 000 5 000 4,382 4 000 3 500 5 000 4 000 626 3 000 2,471 4 000 3,661 P2G 2 500 Capital conservation Capital conservation 3 000 5,879 4,579 522 Min. P1 522 Countercyclical buffer 3 000 Counterc
Slide 15: Well positioned for the future
Well positioned for the future Record H1 – the strength of our business model with several income streams once again demonstrated Strong growth – close to 100,000 new customers added is a strong testament to our continued growth capacity High development speed – making progress within our prioritise
Slide 16: Opening up for questions
neEceetl Opening up for questions