We saw €10.1M in loan repayments in December, with an additional €0.4M from recovered loans. Total returns amounted to €1.1M, with an average return rate of 9.5%. We originated €9.4M worth of loans.
Repayments and recoveries:
In December, investors received €0.9M in returns from repaid and recovered loans (including interest, bonuses, penalties and indemnities).
Repayments (in blue) and recoveries (in grey) over a 6-month period:
Loan origination:
Loan origination numbers grew compared to November in all of the countries due to increased demand from our core markets. In December, we originated €9.4M worth of loans, mostly in Estonia and Lithuania. Our core markets have mostly delivered strong results that follow the trend we observed throughout the latter part of 2023 (with the exception of November, which was atypical). Both Estonia and Latvia have originated an additional €0.6m in loans than when compared with the previous month, while Lithuania has originated €0.9m more. Finland has seen a slight decrease in loan origination. The success in loan origination is due to the publishing of several large high-quality deals in Estonia and Latvia, as well as the successful closing of more loans (22 in November and 32 in December) in Lithuania.
Loan origination over a 6-month period:
Summary of the loan portfolio as of December 31st:
For more data, please have a look at our statistics page.
We will keep you informed about the credit portfolio quality monthly.
