Nordnet: Monthly statistics March

Information about Nordnet is available at www.nordnetbankab.wpengine.com.

In March, 1,719,933 trades were made in stocks, warrants and options among Nordnet’s customers in Sweden, Norway, Denmark and Finland. That corresponds to 83,899 trades per day. The number of customers in the end of March was 507,100, which is 5,400 more than previous month. The number of accounts was 650,500, which is 7,700 more than previous month. Net savings for the month was SEK -700 million and the savings capital was SEK 197 billion. Lending to customers by the end of March was SEK 7.7 billion.

  March March Change February Change
  2016 2015 one year 2016 one month
Sweden 853,675 735,745 16.0% 1,134,098 -24.7%
Norway 235,285 211,090 11.5% 258,260 -8.9%
Denmark 319,437 385,134 -17.1% 406,597 -21.4%
Finland 311,536 342,337 -9.0% 350,387 -11.1%
Total 1,719,933 1,674,306 2.7% 2,149,342 -20.0%
Average per day 83,899 76,105 10.2% 102,350 -18.0%
Active customers 507,100 449,900 12.7% 501,700 1.1%
Active accounts 650,500 570,800 14.0% 642,800 1.2%
Net savings (SEK million) -700 2,500 -128.0% 1,400 -150.0%
Savings capital (SEK billion) 197 193 1.7% 194 1.5%
Margin lending excluding cash and
cash equivalents (SEK million)
4,707 3,823 23.1% 4,591 2.5%
Personal Loans (SEK million) 2,711 2,314 17.1% 2,671 1.5%

Table: Nordnet’s total trades on all exchanges and market places for all customers, and average number of trades per day. Average number of trades per day is calculated as total trades divided by the number of days the Swedish exchanges are open. Accounts, customers, net savings, savings capital and lending are based on preliminary data.

 March ended around zero on the Nordic stock exchanges. The world economy is in an uncertain situation with signs of both strength and weakness. During the month, the ECB announced expanded stimulus. This type of action usually means that the stock market reacts positively, but the question is how effective these measures are in the light of the recent failed attempts to boost the economy, says Johan Tidestad, CCO of Nordnet.

– The high market activity that we have seen the first two months of the year, slowed down in March. The number of trades among our customers decreased by 18 percent compared to previous month, but is 10 percent higher than in March last year. Net savings is negative due to the previously announced reduction in cooperation with the partner Söderberg & Partners on the Swedish market. Of their clients’ capital, SEK 2.2 billion was transferred from Nordnet during the month. A total of SEK 9.5 billion related to Söderberg & Partners has been transferred from Nordnet. The volume in both personal loans and margin lending increased slightly compared with the previous month, says Johan Tidestad.

For more information, please contact:
Johan Tidestad, Chief Communications Officer
johan.tidestad@nordnet.se, 0708 875 775, Twitter @JohanNordnet

The information in this report is that which Nordnet AB (publ) is required to publish in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Act. This information has been submitted to the market for publication on 1 April 2016 at 14.30 (CET).

Nordnet is a bank for investments and savings with business in Sweden, Denmark, Finland and Norway. The idea behind Nordnet is to give customers control of their money, and the goal is to become the no. 1 choice for investments and savings in the Nordics. Nordnet AB (publ) is listed in Nasdaq Stockholm. Visit us at www.nordnetbankab.wpengine.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.