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Year-end report January-December 2022

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Collector Bank AB publishes the year-end report for the period January-December 2022.

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

  • The loan portfolio amounted to SEK 41,490 million (36,214)
  • Total income amounted to SEK 928 million (705)
  • The C/I ratio amounted to 24.9% (28.1)
  • The credit loss level amounted to 2.5% (2.3)
  • Operating profit amounted to SEK 437 million (304)
  • Net profit amounted to SEK 346 million (234) and earnings per share amounted to SEK 1.62 (1.09)
  • Return on equity amounted to 20.8% (16.9)
  • The CET1 ratio amounted to 14.3% (13.9) and the total capital ratio amounted to 15.4% (16.4)


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

  • The loan portfolio amounted to SEK 41,490 million (36,214)
  • Total income amounted to SEK 3,212 million (2,637)
  • The C/I ratio amounted to 25.9% (30.0)
  • The credit loss level amounted to 2.4% (2.6)
  • Operating profit amounted to SEK 1,442 million (963)
  • Net profit amounted to SEK 1,141 million (753) and earnings per share amounted to SEK 5.34 (3.47)
  • Return on equity amounted to 18.3% (14.1)
  • The CET1 ratio amounted to 14.3% (13.9) and the total capital ratio amounted to 15.4% (16.4)
  • The Board of Directors proposes that no dividend will be paid for the financial year 2022


SIGNIFICANT EVENTS DURING THE PERIOD
On 9 February 2022, Collector 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. On 31 October 2022, the SFSA informed that the case had been dismissed without further action. The decision stated that the bank to a high extent has taken measures to correct the, according to the SFSA, historical shortcomings.

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 8 February 2023 at 10:00 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 +46 850 516 386 or +44 2031 984 884, pin code 6984892#. The presentation will be broadcasted live at https://ir.financialhearings.com/collector-bank-q4-2022.

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 8 February 2023 at 07:30 a.m. CET.
 

Collector Bank specializes in financing solutions for corporates and private individuals, with particular focus on 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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