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Overview
Avanza Bank Holding is a Swedish financial company that operates primarily in the online banking and investment market. It was founded in 1999 and is headquartered in Stockholm, Sweden. Avanza offers a wide range of financial services, including savings and investment accounts, securities trading, pension solutions, and digital advice and portfolio management. It also offers loans and mortgages through its subsidiary Avanza Finans. The company has a strong focus on digital solutions and aims to provide its customers with simple and competitive services, with low fees and commissions. As of December 2021, Avanza has over 1.5 million customers and manages assets worth approximately SEK 1 trillion (around $118 billion USD). Avanza Bank Holding is listed on the Nasdaq Stockholm stock exchange and is ranked as the largest online stockbroker in Sweden. The company has been consistently recognized for its innovative and customer-friendly approach, winning awards such as the Worldβs Best Digital Bank in 2019 by Global Finance Magazine. Avanza is also known for its strong commitment to sustainability, with a focus on responsible investing and transparent reporting on environmental, social, and governance (ESG) factors. Overall, Avanza Bank Holding is a well-established and reputable financial company with a strong digital presence and a customer-centric approach to banking and investing.
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