Avanza Bank Holding AB (OTCPK:AVVZF)

$ 22.62 0 (0%) Market Cap: 3.42 Bil Enterprise Value: 2.79 Bil PE Ratio: 17.42 PB Ratio: 7.03 GF Score: 67/100

Q2 2020 Avanza Bank Holding AB Earnings Call Transcript

Jul 14, 2020 / 08:00AM GMT

Transcript

Operator

Hello, and welcome to the Avanza Bank Holding Interim Report January to June 2020. (Operator Instructions)

Today, I'm pleased to present Rikard Josefson, CEO; and Birgitta Hagenfeldt, CFO. Please begin with your meeting.

Rikard Josefson;publ;CEO

Avanza Bank Holding AB

()-

Okay. Thank you for joining in, everybody. This is Rikard Josefson speaking. I will start with a business update, and then I will turn to Birgitta for the numbers. I would like to start to express that I hope you all are well and your families are well in this turbulent time. I think I said that the last quarter, but nothing much has changed in respect to that.

If you go to the first slide, #2, of course, the second quarter continued with a very good customer increase. We added 53,000 new customers during the quarter. And to get a perspective on that, that means that we have added the same amount of new customers for the first 6 months as we did for the full year in 2019, and quarter-by-quarter, we have 68%. Looking at the type of customers we

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