Collector Bank initiates cooperation with SPP

Collector Bank has entered into a cooperation agreement with SPP Pension och Försäkring AB (“SPP”) in order to extend their respective offerings to companies and private individuals. The agreement means that SPP will provide information on Collector Bank’s savings accounts and personal loans on its website, referring interested parties to Collector. Collector will, in turn, inform its customers of SPP’s occupational pension offering and the opportunity to use SPP’s investment savings accounts (“ISK”). 

In the Stockholm region, SPP is initiating a project where occupational pension scheme customers interested in factoring services and corporate loans will be referred to Collector Bank.

“Our customers are looking for forms of savings to supplement their existing ISK savings. Our corporate customers often have more comprehensive needs than just occupational pension solutions. By cooperating with Collector, we will now be able to broaden and strengthen our offering to private individuals and companies alike,” says Sara McPhee, Managing Director of SPP.

“We look forward to offering the market an extensive range of financial services for companies and private individuals. I am convinced that this cooperation will create new opportunities for both Collector and SPP,” comments Stefan Alexandersson, CEO of Collector.

This information is published pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the rules and regulations of Nasdaq Stockholm. The information was submitted for publication on 4 June 2015 at 8.30 a.m.

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About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Operations are comprised of the Retail and Corporate segments. Within the Retail segment, the company is engaged in lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes real estate credits, factoring and company credits directed mainly at small and medium-sized enterprises, debt collection on behalf of customers (assignment debt collection) and the acquisition of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. The Group consists of the parent company Collector AB (publ), wholly owned subsidiary Collector Bank AB, where the main business is conducted, Colligent Inkasso AB and Colligent Norge AS with business services and debt collection and Collector Ventures 1 KB with investments in Fintech. Collector AB (publ) is listed on Nasdaq Stockholm

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Quotes

We look forward to offering the market an extensive range of financial services for companies and private individuals. I am convinced that this cooperation will create new opportunities for both Collector and SPP.
Stefan Alexandersson, CEO of Collector