Sunday, May 22, 2022
HomePeer to Peer LendingCreamFinance studies document €3.4m web revenue for FY 2021

CreamFinance studies document €3.4m web revenue for FY 2021

Though annual income barely decreased by 9% in 2021 in comparison with 2020 (totaling €45.4 million in 2021), the Teams improve in profitability could be attributed to the additional improved effectivity of operations and danger measurement following the primary yr of the COVID-19 pandemic.

Credit score issuance additionally recovered in 2021, with 23% increased volumes being issued in December 2021 in comparison with December 2020 and complete principal issued in 2021 amounting to as excessive as €161 million. This led to web mortgage portfolio progress of 16.2% in comparison with 2020, reaching €35 million by the top of 2021.

The equity-to-asset ratio has additional strengthened, reaching 22.1% (a 4.5% improve in comparison with 2020).

The sturdy efficiency of the Group continued in Q1 of 2022, with the quarterly web revenue reaching €1.3 million.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments