In September we came very close to breaking the record set in March 2021, financing 95 loans worth a total of €21,2M. Half of the loan volume originated in the German market, where forecasts remain strong for the last quarter of the year.
The repayment of loans, which totalled an amount of €6,3M, was, however, more modest than in August. We did not witness any negative effect on the portfolio quality from default and late loans as these haven’t increased.


We experienced a slight default rate decrease during the last month, but nothing of any significance to investors. There were five borrowers whose loans defaulted during the last month, for a total amount of €1,4M. These defaults came from the three Baltic countries and Finland. Four defaulted project repayments were successfully concluded for a total of €0,7M, with the biggest one occurring in Estonia (€0,5M).
No additional principal capital loss has been registered since the last portfolio overview.




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