Collector informs that the Swedish Financial Supervisory Authority has informed that the assignment of the appointed auditor has been completed and that the case has been closed
The Swedish Financial Supervisory Authority ("SFSA") (Sw. Finansinspektionen) informed Collector Bank AB on 12 February 2020 that the SFSA has, as part of its supervision, appointed an auditor to perform an audit of Collector Bank AB on the SFSA's behalf. The appointment is a result of Collector's announcement on 21 January 2020 of, among other, an extra provisioning for credit losses and that the bank's own funds temporarily fell below the applicable capital buffer requirement.
The SFSA has informed Collector that the assignment of the appointed auditor has been completed and that the case has been closed.
For further information, please contact:
Martin Nossman, CEO
Phone: +46 70 330 26 75
Peter Olsson, CFO
Phone: +46 73 712 04 46
Madeleine Mörch, Finance & IR Manager
Phone: +46 73 712 04 52
About Collector bank
Collector Bank is a niche bank that offers cost-effective and innovative financial solutions to private and corporate customers. Innovation is one of our major drivers. Read more about Collector