Quantrom P2P Lending had a return of 0.57% in June 2019

 

 

In June, interest received was in line with expectation. However, the overall result was 0.57% for the month of June slightly higher than the long-term return target. This result was impacted by a provision taken in June of almost 0.1%-point on a property loan in default.

Since inception, Quantrom P2P Lending has given a return of 21.48% and outperformed the long-term return target by 4.71%-points.

Loans late more than 60 days was 1.6% of the value of the portfolio. Current loans were at the end of June up 1.5%-point to 73.6% of the value of the portfolio. Current loans and loans less than 30 days late are more than 93.4% of the value of the portfolio.

Figure 1 Performance of share price and Long-Term Return Target

 

Portfolio

The portfolio at the end of June 2019 consisted of more than 7,200 loans. The weighted average interest rate on the portfolio was 12.12% with an average weighted maturity of 34 months.

The main exposure in value is still towards Car Loans with 65% 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 June, personal loans represented 11%, while business loans were at 3% of the value of the portfolio.

Figures 2-12 provide more details on the composition of the loan portfolio.

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Quantrom Limited, Limerick

July 2019

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