Avanza Bank Holding AB (publ) (AZA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the conference call events of interim report January-June 2026. At this time all participants are in a listen-only mode. After the speaker's presentation there will be a question and answer session. To ask a question during the session you will need to press star 1 and 1 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw your question please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Gustaf Unger, CEO. Please go ahead. Good morning, everyone, and welcome to the presentation of Avanza's Q2 report. Here in Stockholm, apart from me, we have Jonas Verling, our CFO, and Carolina Johansson, Head of Investor Relations. But to start, I think it's fantastic that we are once again reporting a record quarter with an operating profit at 928 million Swedish and we're putting a historically strong first half year to the books. We also saw robust underlying growth during the quarter, welcoming over 40,000 new customers to Avanza. Strong market depreciation combined with net inflows of 19 billion made our savings capital reach a new all-time high, now exceeding 1.2 trillion. A major strategic milestone during the quarter was completing the phase-out of our external savings accounts, which has created a self-inflicted drag on our net flows for about a year. However, I'm glad to say that 60% of the volume has or was retained at Avanza, which truly is a testament to the value our customers find in consolidating their savings with us. During the one and a half years that have passed since the phase-out was communicated, we can note that the number of customers with Avanz...