Collector granted banking licence – changes name to Collector Bank

Gothenburg, Sweden – Collector Credit AB (”Collector”) is approved for banking licence by Financial Supervisory Authority (Finansinspektionen.) This authorization improves Collector’s opportunity to strengthen its position.

Collector is a niche player in the banking and financial market that offers financing and payment solutions for private and corporate customers. The company has an unbroken profit and growth curve since 1999, with a growth rate since 2005 of over 30 percent and earnings growth of over 42 percent. Granting of the banking authorisation means that Collector further strengthens its opportunity to strengthen its position, which will contribute to continued good profitability.

“We are extremely happy and proud to receive confirmation that Collector has qualified to conduct business as a bank,” says Collector’s CEO Stefan Alexandersson. “This banking licence is an important seal of approval for us as a responsible player within the bank and finance market.”

In conjunction with the granting of the banking licence, Collector Credit AB is changing its name to Collector Bank AB.

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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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We are extremely happy and proud to receive confirmation that Collector has qualified to conduct business as a bank. This banking licence is an important seal of approval for us as a responsible player within the bank and finance market.
Stefan Alexandersson, CEO, Collector