Collector bank (Norion Bank)

Norion Bank AB (publ), formerly Collector Bank AB, is a Swedish niche bank focused on savings, consumer credit, and financing for small and mid-sized companies in the Nordics. The legal entity remained the same after the name change, and the bank is authorized and supervised by Finansinspektionen in Sweden, with operations concentrated in Sweden and Finland and selected services offered in Norway. On the retail side it offers savings accounts with fixed and variable terms and unsecured personal loans; it does not operate a branch network and most onboarding and servicing are handled digitally with national electronic IDs and standard credit checks. For businesses the bank provides working-capital solutions including factoring and invoice purchase, corporate loans, and real estate financing, and it distributes e-commerce invoice and installment options under a dedicated payments brand. Funding is primarily from deposits, complemented by market instruments, which makes margins and volumes sensitive to rate cycles and competition for savings. Credit risk is centered on Nordic consumer lending and SME exposures, including property-related lending, so performance is tied to regional economic conditions and collateral values. Accounts fall under the Swedish deposit guarantee scheme within applicable statutory limits. The bank’s product scope is narrower than a universal bank, with limited day-to-day transactional features, and pricing and availability can vary by country, but the offering is accessible online with standard customer support via digital channels and phone.