Homepeer to peer lendingLoan portfolio overview (March of 2022)

Loan portfolio overview (March of 2022)


As we predicted, the total funded amount in March was similar to February. Our investors financed €16,7M worth of loans and, despite macroeconomic changes, investor and borrower behavior remains stable. During March, Estonia and Germany again performed well, each contributing 30% of the total loan volume. 

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Loan repayments amounted to half of those in February (€5,4M, 19 loans). The degree of volatility is reflective of seasonality and not payment problems, and we expect repayments to improve in the second quarter.

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The default rate decreased to 5,0% and is now in line with the long-term target rate we set internally. This was primarily due to strong debt management in Estonia, where one project’s full principal amount was recovered (€0,9M). The rest (interest, penalties etc) will be received by our investors following the successful conclusion of ongoing legal disputes.

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As of 12.04.2022   
Total financed loans since 2014 €550,8M
Total repaid loans since 2014 €304,9M
Total outstanding portfolio €245,8M
Total outstanding defaulted loans €12,4M 
Total number of outstanding defaulted loans 48
Default rate (outstanding loans) 5,0%
Partially recovered loans rate (outstanding loans) 1,6%
Default rate (total financed loans) 2,3%
Total amount of recovered loans (including partially) €17,0M
Total number of fully recovered loans 98
Average return rate of fully recovered loans 9,5%
Average time from default to recovery 8,9 months
Write-off rate (total financed loans) 0,007%

We will keep you informed about the credit portfolio quality monthly.



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