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Year-end report January-December 2020

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Collector AB publishes the year-end report for the period January-December 2020.

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

  • The loan portfolio amounted to SEK 31,828 million (29,880)
  • Total income amounted to SEK 558 million (652) and total income for the period is unadjusted (510)
  • The C/I ratio amounted to 38.6% (61.7) and the C/I ratio for the period is unadjusted (46.0)
  • Profit before credit losses amounted to SEK 343 million (250) and profit before credit losses for the period is unadjusted (276)
  • The credit loss level amounted to 2.7% (12.3) and the credit loss level for the period is unadjusted (1.7). Revised assumptions regarding provisioning for expected credit losses from 1 January 2020 affect comparability
  • Operating profit amounted to SEK 132 million (-680) and operating profit for the period is unadjusted (145)
  • Net profit amounted to SEK 95 million (-489) and earnings per share amounted to SEK 0.46 (-4.76)
  • The CET1 ratio amounted to 13.7% (10.3) and the total capital ratio amounted to 15.8% (13.3)
 

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

  • The loan portfolio amounted to SEK 31,828 million (29,880)
  • Total income amounted to SEK 2,119 million (2,193) and total income for the period is unadjusted (2,050)
  • The C/I ratio amounted to 40.9% (47.4) and the adjusted C/I ratio amounted to 40.1% (42.5)
  • Profit before credit losses amounted to SEK 1,254 million (1,153) and adjusted profit before credit losses amounted to SEK 1,269 million (1,179)
  • The credit loss level amounted to 2.8% (4.3) and the adjusted credit loss level amounted to 2.6% (1.4)
  • Operating profit amounted to SEK 395 million (-52) and adjusted operating profit amounted to SEK 460 million (773)
  • Net profit amounted to SEK 291 million (-8) and earnings per share amounted to SEK 1.47 (-0.08)
  • The CET1 ratio amounted to 13.7% (10.3) and the total capital ratio amounted to 15.8% (13.3)
  • The Board of Directors proposes that no dividend will be paid for the financial year 2020
 

EVENTS AFTER THE END OF THE PERIOD

  • The divestment of Collector Ventures was completed on 11 February 2021

 

CONFERENCE CALL

A conference call will be held in Swedish on 12 February 2021 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 +46 850 558 359 or +44 3333 009 264. The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q4-2020.

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 12 February 2021 at 07:30 a.m. CET.

 

Collector is a challenger bank that offers financing solutions to corporate and private customers. The corporate offering includes real estate lending, corporate lending and factoring directed mainly at small- and medium-sized enterprises as well as payment and checkout solutions. Private customers are offered personal loans, invoice and payments by instalments services, credit cards and deposit accounts. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector AB (publ) is listed on Nasdaq Stockholm.

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

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