The Swedish Financial Supervisory Authority dismissed the case regarding Collector Bank’s credit assessment

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On February 9, 2022, Collector Bank AB (“Collector’s bank” or “the Bank”) informed that the Swedish Financial Supervisory Authority (“SFSA”) had requested an opinion from the Bank following the previously opened thematic inquiry into consumer credit credit ratings, including Collector’s bank and a number of other players in the Swedish consumer loan market.

The SFSA has decided to close the case without further action. The decision indicates that the Bank has, to a large extent, taken steps to correct historical shortcomings, according to the SFSA.

– We are happy that the SFSA has decided to dismiss the case. This decision is proof that our continuous work to improve our credit rating has paid off. Sound and sustainable lending is, and will remain, of great importance to the Bank, says Martin NossmanCEO of Collector’s Bank.

For more information please contact:Martin NossmanCEO
Telephone: +46 70 330 26 75
Email: [email protected]

Madeleine Morch, head of IR and communications
Telephone: +46 73 712 04 52
Email: [email protected]

This is information that Collector Bank AB (publ) is required to make public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, through the contact persons indicated above, on October 31, 2022 at 10:15 a.m. CET.

Collector’s Bank specializes in financing solutions for businesses and individuals, with a particular focus on small and medium-sized businesses. We are the business complement to the large traditional banks. The business offering includes home loans, business loans and factoring as well as payment solutions. Our services for individuals include personal loans, billing and installment payment services, credit cards and deposit accounts. The company has offices in Gothenburg (Headquarter), stockholm, helsinki and Oslo. Collector Bank AB (publ) is listed on Nasdaq Stockholm.

Collector Bank AB (published) 556597-0513 | PO Box 119 14, SE-404 39 Gothenburg | Standard +46 10-161 00 00 | Email [email protected] | www.collector.se/en/

https://news.cision.com/collector-bank-ab/r/the-swedish-financial-supervisory-authority-has-dismissed-the-case-regarding-collector-bank-s-credit,c3658432

https://mb.cision.com/Main/11837/3658432/1646269.pdf

(c) Decision 2022. All rights reserved., sources Press Releases – English


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