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Interim report January-June 2022

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Collector AB publishes the interim report for the period January-June 2022.

SECOND QUARTER OF 2022 (COMPARED TO THE SECOND QUARTER OF 2021)

  • The loan portfolio amounted to SEK 40,795 million (34,722)
  • Total income amounted to SEK 751 million (665)
  • The C/I ratio amounted to 27.6% (31.6)
  • The credit loss level amounted to 2.4% (2.7)
  • Operating profit amounted to SEK 302 million (230)
  • Net profit amounted to SEK 237 million (181) and earnings per share amounted to SEK 1.11 (0.83)
  • Return on equity amounted to 15.5% (13.7)
  • The CET1 ratio amounted to 13.4% (13.7) and the total capital ratio amounted to 14.1% (15.6)

JANUARY-JUNE 2022 (COMPARED TO JANUARY-JUNE 2021)

  • The loan portfolio amounted to SEK 40,795 million (34,722)
  • Total income amounted to SEK 1,474 million (1,276)
  • Total income has not been adjusted for non-recurring items. Total income adjusted for non-recurring items for the period January-June 2021 amounted to SEK 1,256 million
  • The C/I ratio amounted to 27.5% (32.4)
  • The C/I ratio has not been adjusted for non-recurring items. The C/I ratio adjusted for non-recurring items for the period January-June 2021 amounted to 32.9%
  • The credit loss level amounted to 2.3% (2.7)
  • The credit loss level has not been adjusted for non-recurring items neither during the current nor the comparison period
  • Operating profit amounted to SEK 627 million (413)
  • Operating profit has not been adjusted for non-recurring items. Operating profit adjusted for non-recurring items for the period January-June 2021 amounted to SEK 392 million
  • Net profit amounted to SEK 494 million (327) and earnings per share amounted to SEK 2.31 (1.50)
  • Net profit has not been adjusted for non-recurring items. Net profit adjusted for non-recurring items for the period January-June 2021 amounted to SEK 309 million
  • Return on equity amounted to 16.6% (12.5)
  • Return on equity has not been adjusted for non-recurring items. Return on equity adjusted for non-recurring items for the period January-June 2021 amounted to 11.7%
  • The CET1 ratio amounted to 13.4% (13.7) and the total capital ratio amounted to 14.1% (15.6)

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
No significant events have occurred after the end of the period.

CONFERENCE CALL
A conference call will be held in Swedish on 14 July 2022 at 11:00 a.m. (CEST), 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 +46 850 516 386 or +44 2031 984 884, pin code 8265099#. The presentation will be broadcasted live at: https://tv.streamfabriken.com/collector-q2-2022.

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, Head of IR & Communications
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 14 July 2022 at 07:30 a.m. CEST.
 

Collector Bank specializes in financing solutions for corporates and private individuals, with particular focus on small and medium-sized companies. We are the corporates' complement to larger traditional banks. The corporate offering includes real estate lending, corporate lending and factoring as well as payment solutions. Our services for private individuals include personal loans, invoice and payment by instalment services, credit cards and deposit accounts. The company has offices in Gothenburg (headquarters), 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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