We witnessed no major changes during June in terms of repayments. We are not seeing any major increase in applications relating to the extension of loans and in general the exits and repayments are occurring in accordance with the original plans.
The default rate remains stable at 5,1%. No new loan recoveries have occurred since our last portfolio report, however, repayments are expected in July relating to Finnish defaults and one default in Estonia.
We continue to proactively deal with late loans in all countries and aim to keep investors fully informed at all times. Our operations and investor relations teams have also reviewed the loan updates logic and we are planning to increase the output and information to our investors. This means that you can expect more detailed and frequent communication around late loans in future.
For further insight into our operations, our independently audited Annual Report for 2021 is available to download.
We will keep you informed about the credit portfolio quality monthly.
