The Swedish Financial Supervisory Authority has dismissed the case regarding Collector Bank’s credit assessment
On 9 February 2022, Collector Bank AB (“Collector Bank” or “the Bank”) informed that the Swedish Financial Supervisory Authority (“SFSA”) had requested an opinion from the Bank as a continuation of the previously initiated open theme investigation regarding credit assessments of consumer credits, including Collector Bank and a number of other players on the Swedish consumer lending market.
The SFSA has decided to dismiss the case without further action. The decision states that the Bank to a high extent has taken measures to correct the, according to the SFSA, historical shortcomings.
– We are pleased that the SFSA has decided to dismiss the case without further action. The decision is proof that the continuous work of improving our credit assessment has yielded results. Sound and sustainable lending is, and will remain, of great importance for the Bank, says Martin Nossman, CEO of Collector Bank.
For more information, please contact:
Martin Nossman, CEO
Phone: +46 70 330 26 75
E-mail: martin.nossman@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 31 October 2022 at 10:15 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/