Interim report January-March 2023

Collector Bank AB publishes the interim report for the period January-March 2023.

FIRST QUARTER OF 2023 (COMPARED TO THE FIRST QUARTER OF 2022)

• The loan portfolio amounted to SEK 41,699 million (38,734)
• Total income amounted to SEK 882 million (723)
• The C/I ratio amounted to 26.0% (26.7)
• The credit loss level amounted to 2.6% (2.1)
• Operating profit amounted to SEK 385 million (329)
• Net profit amounted to SEK 305 million (260) and earnings per share amounted to SEK 1.42 (1.22)
• Return on equity amounted to 17.4% (18.1)
• Adjusted return on equity amounted to 17.4% (17.6)
• The CET1 ratio amounted to 14.6% (13.6) and the total capital ratio amounted to 15.7% (16.1)

SIGNIFICANT EVENTS DURING THE PERIOD
On 28 March 2023, a press release was published stating that the Board of Collector Bank proposes changing the company name from Collector Bank AB to Norion Bank AB. The proposal reflects the strategic changes the company has made in recent years in terms of streamlining the business and a clear focus on balanced and profitable growth. The purpose of the proposal is also to clarify the company’s customer offering. The change of the company name requires approvals by the Annual General Meeting, the Swedish Financial Supervisory Authority and the Swedish Companies Registration Office.

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 25 April 2023 at 9:30 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 9391286#. The presentation will be broadcasted live at https://ir.financialhearings.com/collector-bank-q1-2023.

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: [email protected]

Madeleine Mörch, Head of IR & Communications
Phone: +46 73 712 04 52
E-mail: [email protected]

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 25 April 2023 at 07:30 a.m. CET.