We saw €14.1M in loan repayments in September, with an additional €0.6M from recovered loans. Total returns amounted to €1.4M euros, with an average return rate of 9.75%. We originated €9.2M worth of loans.
Repayments and recoveries
In September investors received €1.4M in returns from repaid and recovered loans (including interest, bonuses, penalties and indemnities). These repayments came mostly from loans in Estonia and Lithuania. In recent months our loan repayment rate has been steadily increasing.
Repayments and recoveries over a 6-month period
Loan origination
Loan origination numbers remain stable. In September, we originated €9.2M worth of loans, mostly in Estonia and Lithuania. The new loans all meet the criteria outlined in our enhanced credit policy, and they have all received a grade of B or higher according to Moody’s Analytical Assessment.
Loan origination over a 6-month period
Summary of the loan portfolio as of September 30, 2023
For more data please have a look at our statistics page.
For insights into our borrower-building process, in the context of the real estate development journey, take a look at our recent blog post. We will keep you informed about the credit portfolio quality monthly.
