In October, interest received was in line with expectations, but quite lower than in September. The overall result was a return of 0.53% for the month of October 0,12% - point higher than the long-term return target.
From 1. October the long-term return target has been lowered due to lower level of interest rate offered in the peer-to-peer market. The lower interest rates received was, as previously mentioned, already noticeable in October.
In October, we took a provision of less than 0.005%.
Since inception, Quantrom P2P Lending has given a return of 24.50% and outperformed the long-term return target by 5.27%-points.
Current loans were at the end of October slightly down to 69.2% of the value of the portfolio. Loans late more than 60 days has increased slightly to 2.7% of the value of the portfolio in October.
Figure 1 Performance of Note price and Long-Term Return Target
Portfolio
The portfolio at the end of October 2019 consisted of almost 7,800 loans. The weighted average interest rate on the portfolio has fallen to 11.24% with an average weighted maturity of 28 months.
The main exposure in value is still towards Car Loans with 57% of the value of the portfolio at the end of the month.
Exposure towards property loans is at 24% of the value of the portfolio. At the end of October, personal loans represented 17%, while business loans were at 2% of the value of the portfolio.
Figures 2-12 provide more details on the composition of the loan portfolio.
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Figure 3
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Figure 5
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Figure 7
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Figure 9
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Figure 11
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| Figure 13
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Quantrom Limited, Limerick
November 2019
