Q1 2023 Avanza Bank Holding AB Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Avanza Bank Interim Report January-March 2023 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Rikard Josefson. Please go ahead.
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Okay. Thank you very much, and a warm welcome to everybody listening in today. Summarizing the first quarter of 2023, you can say it was a quarter with turmoil, we saw risk appetite back, we saw interest reinvestments, we saw stock market picking up a little bit. And of course, the quarter was also affected by the banking turmoil that started in the U.S.
During this period, of course, we got a lot of questions, and I think it's paying off, our low-risk balance sheet, our short duration on our liquidity portfolio. And during the times of the crisis in the U.S., we saw everyday net inflows. So we believe that the faith from our customers is
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