Nordnet: Monthly statistics October

2022-11-03 08:30:00

Net savings for October was minus SEK 500 million and the total net savings during 2022 is SEK 34.8 billion. The negative net savings in October is mainly due to a restructured cooperation with a partner in the asset management area in the Danish market. A number of the asset manager's end customers have transferred their capital as a result of Nordnet implementing a fee for service and administration. In total, net savings during October was negatively affected by SEK 1.6 billion from this change, which means that net savings would otherwise have been positive and amounted to SEK 1.1 billion. In September, net savings was affected by the changed cooperation with minus SEK 900 million. The outflow of savings capital during September and October as a result of the changed cooperation has a marginal revenue impact on Nordnet.

The savings capital was SEK 710 billion and lending amounted to SEK 26.7 billion at the end of October.

+-----------------+---------+---------+---------+---------+--------+
| | October |September| Change  | October |Change  |
+-----------------+---------+---------+---------+---------+--------+
| | 2022[1] | 2022 |one month| 2021 |one year|
+-----------------+---------+---------+---------+---------+--------+
|Savings & | | | | | |
|customers | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Number of |1,688,500|1,677,500| 0.7%|1,556,700| 8.5%|
|customers | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Net savings (SEK | -0.5| -0.7| 23.7%| 6.0| n/a|
|billion) | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Savings capital | 710| 681| 4.4%| 762| -6.8%|
|(SEK billion) | | | | | |
+-----------------+---------+---------+---------+---------+--------+
| | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Lending (SEK | | | | | |
|billion) | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Margin lending[2]| 12.0| 11.7| 2.2%| 12.4| -3.2%|
+-----------------+---------+---------+---------+---------+--------+
|Mortgage | 10.6| 10.6| -0.2%| 8.5| 25.4%|
+-----------------+---------+---------+---------+---------+--------+
|Personal loans | 4.1| 4.1| 0.8%| 4.1| 0.0%|
+-----------------+---------+---------+---------+---------+--------+
|Total lending | 26.7| 26.4| 1.0%| 24.9| 7.1%|
+-----------------+---------+---------+---------+---------+--------+
| | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Number of | | | | | |
|trades[3] | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Sweden |1,734,900|1,778,500| -2.5%|2,241,600| -22.6%|
+-----------------+---------+---------+---------+---------+--------+
|Norway | 882,700| 983,200| -10.2%|1,160,100| -23.9%|
+-----------------+---------+---------+---------+---------+--------+
|Denmark | 713,700| 788,100| -9.4%| 983,700| -27.4%|
+-----------------+---------+---------+---------+---------+--------+
|Finland | 833,300| 911,400| -8.6%|1,083,400| -23.1%|
+-----------------+---------+---------+---------+---------+--------+
|Total |4,164,600|4,461,200| -6.6%|5,468,800| -23.8%|
+-----------------+---------+---------+---------+---------+--------+
|Share of cross | 24.3%| 26.0%| -1.7%| 29.3%| -5.0%|
|border trades | | | | | |
+-----------------+---------+---------+---------+---------+--------+
| | | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Average number of| | | | | |
|trades per day[4]| | | | | |
+-----------------+---------+---------+---------+---------+--------+
|Sweden | 82,600| 80,800| 2.2%| 106,700| -22.6%|
+-----------------+---------+---------+---------+---------+--------+
|Norway | 42,000| 44,700| -6.0%| 55,200| -23.9%|
+-----------------+---------+---------+---------+---------+--------+
|Denmark | 34,000| 35,800| -5.0%| 46,800| -27.4%|
+-----------------+---------+---------+---------+---------+--------+
|Finland | 39,700| 41,400| -4.1%| 51,600| -23.1%|
+-----------------+---------+---------+---------+---------+--------+
|Total | 198,300| 202,700| -2.2%| 260,300| -23.8%|
+-----------------+---------+---------+---------+---------+--------+

[1] The numbers for October 2022 are preliminary.
[2] Lending excluding pledged cash and cash equivalents.
[3] Nordnet's total trades on all exchanges and market places for all customers, and share of cross border trades. 
[4] Average number of trades per day is calculated as total trades per market divided by the number of days each stock exchange was open.

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