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Interim report January-September 2020

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

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

  • The loan portfolio amounted to SEK 30,146 million (30,577)
  • Total income amounted to SEK 525 million (528)
  • The C/I ratio amounted to 38.0% (39.6)
  • Profit before credit losses amounted to SEK 326 million (319)
  • The credit loss level amounted to 2.8% (1.4). Revised assumptions regarding provisioning for expected credit losses from 1 January 2020 affect comparability
  • Operating profit amounted to SEK 117 million (217)
  • Net profit amounted to SEK 89 million (164) and earnings per share amounted to SEK 0.43 (1.60)
  • The CET1 ratio amounted to 13.8% (11.4) and the total capital ratio amounted to 15.8% (14.2)
 

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

  • The loan portfolio amounted to SEK 30,146 million (30,577)
  • Total income amounted to SEK 1,562 million (1,540)
  • The C/I ratio amounted to 41.7% (41.4) and the adjusted C/I ratio amounted to 40.7%
  • Profit before credit losses amounted to SEK 911 million (903) and adjusted profit before credit losses amounted to SEK 926 million
  • The credit loss level amounted to 2.9% (1.3) and the adjusted credit loss level amounted to 2.7%
  • Operating profit amounted to SEK 263 million (628) and adjusted operating profit amounted to SEK 328 million
  • Net profit amounted to SEK 196 million (481) and earnings per share amounted to SEK 1.27 (4.68)
  • The CET1 ratio amounted to 13.8% (11.4) and the total capital ratio amounted to 15.8% (14.2)
 

SIGNIFICANT EVENTS DURING THE PERIOD

  • The Swedish Financial Supervisory Authority informed that the assignment of the appointed auditor regarding credit loss provisioning within Collector’s corporate segment has been completed and closed
  • Rearrangements to the income statement have been made in connection with this interim report and were communicated through a press release on 8 October 2020. See note K2 and K17
 

CONFERENCE CALL

A conference call will be held in Swedish on 22 October 2020 at 10:15 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 +46 856 642 703 or +44 3333 009 035. The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q3-2020. 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. The information was submitted for publication, through the agency of the contact persons set out above, on 22 October 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/

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