Monday 25 May, 2015 08:00

Collector granted banking licence – changes name to Collector Bank

Gothenburg, Sweden – Collector Credit AB (”Collector”) is approved for banking licence by Financial Supervisory Authority (Finansinspektionen.) This authorization improves Collector’s opportunity to strengthen its position.

Collector is a niche player in the banking and financial market that offers financing and payment solutions for private and corporate customers. The company has an unbroken profit and growth curve since 1999, with a growth rate since 2005 of over 30 percent and earnings growth of over 42 percent. Granting of the banking authorisation means that Collector further strengthens its opportunity to strengthen its position, which will contribute to continued good profitability.

“We are extremely happy and proud to receive confirmation that Collector has qualified to conduct business as a bank,” says Collector’s CEO Stefan Alexandersson. “This banking licence is an important seal of approval for us as a responsible player within the bank and finance market.”

In conjunction with the granting of the banking licence, Collector Credit AB is changing its name to Collector Bank AB.