Interim Report January – March 2012


· Operating income decreased by 10 percent (+19 %) to SEK 164 million (SEK 183 m)
· The profit after tax decreased by 33 percent (+23 %) to SEK 60 million (SEK 90 m)
· Earnings per share decreased by 35 percent (+21 %) to SEK 2.11 (3.23)
· Net inflow totalled SEK 1,910 million (SEK 4,060 m), corresponding to 3 percent (5 %) of the total savings capital at the beginning of the year
· The number of accounts increased by 5 percent (6 %) to 436,500 (417,200 as of 31 December 2011), and the total savings capital increased by 11 percent (5 %) to SEK 82,000 million (SEK 74,200 m as of 31 December 2011)

Comments from the Managing Director
”In terms of profit, we have not matched last year’s record quarter, despite an improvement of 7 percent over the previous quarter. This is, primarily, due to the fact that savings capital was 10 percent lower at the beginning of the year, compared with savings capital at the beginning of the previous year, as a result of the fall in the stock...

Avanza Bank

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