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 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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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