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 a leading digital niche bank that develops financial solutions for private and corporate customers. For the private market, we offer savings and loans, invoicing and installment, credit card services and financial apps. The corporate segment encompasses payment solutions for e-commerce and retail, factoring and corporate lending, real estate credits and assignment debt collection. With an annual organic revenue growth of 30 % since 2005, we have the persistence, courage and experience required to believe in ideas and help get them off the ground. The Group consists of the parent company Collector AB (publ), the wholly owned subsidiary Collector Bank AB, where the main operations are conducted, Colligent Inkasso AB and Colligent Inkasso AS, offering assignment operations and debt collection, and Collector Ventures, which invests in FinTech. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector 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