European peer-to-peer lending platform Bondora has launched an replace on its energetic mortgage portfolio, as a part of its plans to spice up transparency for its traders.
The agency has revamped its statistics web page to make it simpler for customers to trace borrower exercise, complete investments and returns.
It’s planning to automate mortgage portfolio efficiency information however within the meantime it has printed an replace to maintain prospects knowledgeable.
Learn extra: Bondora traders earned report returns in December
“Our energetic mortgage portfolio has remained constantly secure, with over 80 per cent of loans remaining energetic throughout all intervals,” Bondora stated. “Delinquency ranges throughout completely different getting old buckets have proven solely minor variations, indicating sturdy portfolio well being.
“The vast majority of our originations fall inside low-risk ranges. We proceed to take a prudent strategy to danger administration by rising the proportion of loans within the AA-C danger classes throughout all markets.
Learn extra: Bondora bolsters supervisory board
“Our mortgage prospects typically favor longer mortgage durations, as they end in extra manageable month-to-month funds. Providing prolonged phrases permits for extra mortgage issuance at decrease danger ranges whereas sustaining the next proportion of on-time repayments.”
Bondora stated it is going to be publishing common updates to be able to improve and develop the information it shares with prospects.
It additionally stated that its newest annual monetary report might be printed quickly, giving an perception into the agency’s monetary efficiency in 2024.
Learn extra: Bondora experiences seventh 12 months of profitability
