Figure 1 Performance of Note price and Long-Term Return Target
Interest payments in February were slightly higher than our expectations since payments normally are lower in the shortest month of the year.
Current loans represented 77.6% of the value of the portfolio at the end of February an increase of more than 1.5%-point during the month. Except for loans with a delay of 1-15 days, all other groups of delayed loans fell in February.
In February Quantrom P2P Lending has not taken any provisions.
The return for the month of February 2021 was 0.61%.
Since inception, Quantrom P2P Lending has given a return of 34.91% and outperformed the long-term return target by 7.66%-points.
The portfolio at the end of February 2021 consisted of more than 9,000 loans. The weighted average interest rate on the portfolio was 11.66% with an average weighted maturity of 28.9 months.
The main exposure in value is still towards car loans which represent 61% of the value of the portfolio at the end of the month.
Exposure towards property loans is at 22% of the value of the portfolio. At the end of February, personal loans represented 16%, while business loans were less than 1% of the value of the portfolio.
Figures 2-12 provide more details on the composition of the loan portfolio.
Quantrom Limited, Limerick