Interim report January-June 2020

Collector AB publishes the interim report for the period January-June 2020.

SECOND QUARTER OF 2020 (COMPARED TO THE SECOND QUARTER OF 2019)

  • The loan portfolio decreased by 2% to SEK 28,970 million (29,533)
  • Total income decreased by 7% to SEK 497 million (536)
  • The C/I ratio amounted to 43.3% (42.4)
  • The credit loss level amounted to 2.5% (1.4)
  • Operating profit amounted to SEK 102 million (209)
  • Net profit amounted to SEK 76 million (159)
  • Earnings per share amounted to SEK 0.37 (1.55)
  • The CET1 ratio amounted to 13.8% (11.4) and the total capital ratio amounted to 15.9% (14.2)
 

JANUARY-JUNE 2020 (COMPARED TO JANUARY-JUNE 2019)

  • The loan portfolio decreased by 2% to SEK 28,970 million (29,533)
  • Total income decreased by 5% to SEK 989 million (1,045)
  • The C/I ratio amounted to 46.0% (42.8) and the adjusted C/I ratio amounted to 44.5%
  • The credit loss level amounted to 2.6% (1.3) and the adjusted credit loss level amounted to 2.3%
  • Operating profit amounted to SEK 146 million (411) and adjusted operating profit amounted to SEK 211 million
  • Net profit amounted to SEK 107 million (316)
  • Earnings per share amounted to SEK 0.69 (3.08)
  • The CET1 ratio amounted to 13.8% (11.4) and the total capital ratio amounted to 15.9% (14.2)
 

EVENTS AFTER THE END OF THE PERIOD

  • Marcus Hansson informed Collector on July 2 that he had decided to, with immediate effect, leave the Board of Directors

 

CONFERENCE CALL

A conference call will be held in Swedish on 16 July 2020 at 09:00 a.m. (CET), during which CEO Martin Nossman and CFO Peter Olsson will present the report. The presentation will be followed by a Q&A session. To participate in the conference call, dial +46 856 642 706 or +44 3333 009 265. The switchboard opens at 08:55 (CET).

The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q2-2020. The presentation material will be available in English and published in connection with the conference call on www.collector.se/en/, where the recorded version of the webcast will be available afterwards.

For more information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: peter.olsson@collectorbank.se

Madeleine Mörch, Finance & IR Manager
Phone: +46 73 712 04 52
E-mail: madeleine.morch@collectorbank.se

This is information that Collector AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, on 16 July 2020 at 07:30 a.m. CET.
 

Collector is a challenger bank that offers financing solutions to private and corporate customers. Within the Private segment, the company offers lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit cards and deposit accounts. The Corporate segment includes real estate lending, factoring and corporate lending directed mainly at small- and medium-sized enterprises and handling of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki, Turku and Oslo. Collector AB (publ) is listed on Nasdaq Stockholm.

Collector AB (publ) 556560-0797 | Box 119 14, SE-404 39 Gothenburg | Exchange +46 10-161 00 00 | E-mail info@collectorbank.se | www.collector.se/en/

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 lending, factoring and corporate lending directed mainly at small and medium-sized enterprises and the acquisition of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki, Turku and Oslo. Collector AB (publ) is listed on Nasdaq Stockholm.