Avanza Bank: Partnership Negotiations Ended

Regulatory News:

Press release 2014-03-20, 16.30

Avanza (STO:AZA) has decided to end the negotiations concerning a partnership with another Swedish institute, which Avanza informed about in a press release 4 February 2014 and which was expected to yield a growth in savings capital of SEK 4 – 5 billion during the second half of 2014, without entering an agreement.

Avanza is an Internet bank founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s vision is that as a customer you will have more money in your pocket than if you banked with other banks or institutions. The services include, amongst other things, saving in shares, funds, savings accounts and a strong pension offering. Avanza has more than 325,000 customers and more than SEK 120 billion in savings capital. This is equivalent to just over 2 percent of the Swedish savings market. Avanza is the largest in terms of the number of transactions of Swedish banks on the Stockholm Stock Exchange. During the last four years Avanza has won SKI’s (Swedish Quality Index) award, "Year’s Most Satisfied Savings Customers”. For more information visit: www.avanzabank.se

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