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Interim report January-September 2022

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

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

  • The loan portfolio amounted to SEK 41,514 million (35,624)
  • Total income amounted to SEK 811 million (668)
  • The C/I ratio amounted to 24.7% (27.4)
  • The credit loss level amounted to 2.3% (2.6)
  • Operating profit amounted to SEK 373 million (255)
  • Net profit amounted to SEK 295 million (201) and earnings per share amounted to SEK 1.38 (0.93)
  • Return on equity amounted to 18.7% (15.0)
  • The CET1 ratio amounted to 13.5% (13.4) and the total capital ratio amounted to 14.6% (16.0)


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

  • The loan portfolio amounted to SEK 41,514 million (35,624)
  • Total income amounted to SEK 2,284 million (1,932)
  • Total income has not been adjusted for non-recurring items. Total income adjusted for non-recurring items for the period January-September 2021 amounted to SEK 1,923 million
  • The C/I ratio amounted to 26.3% (30.6)
  • 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-September 2021 amounted to 30.8%
  • 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 1,005 million (659)
  • Operating profit has not been adjusted for non-recurring items. Operating profit adjusted for non-recurring items for the period January-September 2021 amounted to SEK 650 million
  • Net profit amounted to SEK 795 million (519) and earnings per share amounted to SEK 3.72 (2.38)
  • Net profit has not been adjusted for non-recurring items. Net profit adjusted for non-recurring items for the period January-September 2021 amounted to SEK 512 million
  • Return on equity amounted to 17.5% (13.2)
  • Return on equity has not been adjusted for non-recurring items. Return on equity adjusted for non-recurring items for the period January-September 2021 amounted to 12.7%
  • The CET1 ratio amounted to 13.5% (13.4) and the total capital ratio amounted to 14.6% (16.0)


MERGER BETWEEN COLLECTOR BANK AB AND COLLECTOR AB COMPLETED
The intra-group merger between Collector Bank AB and Collector AB was completed on 15 August 2022. On the same day Collector Bank AB became the listed parent company and Collector AB was dissolved. The interim report for the period January-September 2022, published by the Collector Bank Group, presents the financials for the new Group structure. The historical financials for the Collector Bank Group essentially correspond to the financials for the Collector AB Group. Certain minor deviations occur and mainly relate to intra-group assets and liabilities, divestment of subsidiaries and costs in the parent company Collector AB.

Quarterly historical information for the Collector Bank Group since the first quarter of 2020 is available on Collector Bank’s website collector.se/en/about-collector/investors/financial-information/.

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 21 October 2022 at 09:30 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 +46 850 516 386 or +44 2031 984 884, pin code 8278295#. The presentation will be broadcasted live at: https://ir.financialhearings.com/collector-bank-q3-2022.

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 Bank 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 21 October 2022 at 07:30 a.m. CET.
 

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 Bank AB (publ) is listed on Nasdaq Stockholm.

Collector Bank AB (publ) 556597-0513 | 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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