Nordnet reaches SEK 1 trillion in savings capital
The savings capital on Nordnet’s platform has now exceeded SEK 1 trillion. At the start of the year, savings capital amounted to SEK 825 billion, representing a 21 percent increase so far this year.
“It feels fantastic to reach SEK 1 trillion in savings capital – it’s something of a milestone and a testament that our business is moving in the right direction. I want to extend a huge thank you to all our customers who trust us every day with their savings,” says Lars-Åke Norling, CEO of Nordnet.
The first SEK 100 billion in savings capital on Nordnet’s platform was surpassed just over twelve years ago, in September 2012. At the time of Nordnet’s IPO four years ago, in November 2020, Nordnet’s customers had a total of SEK 500 billion in savings capital. Since then, savings capital has doubled.
The savings capital is distributed with 68 percent in stocks and stock-related instruments, 25 percent in funds, and the remaining 7 percent in cash savings. The largest proportion of savings capital is held by Swedish savers with 36 percent, followed by Denmark with 26 percent, Finland with 20 percent, and Norway with 18 percent.
“My colleagues and I go to work every day with the ambition to build a better Nordnet and create value for savers, both in small and large ways. This can involve minor improvements to the app or website, or the launch of a major service or new account type. It’s certainly gratifying to see that our customers appreciate what we do, and that both savings capital and our customer base are continually growing,” says Lars-Åke Norling, CEO of Nordnet.
