Mintos lifts IuteCredit Kosovo suspension on the Secondary Market

29.04.2020

mintosblog

A suspension on the Secondary Market has been lifted for one of the lending companies – IuteCredit Kosovo, allowing trading of its issued loans.  (more…)

AlexCredit Mintos Rating changed to D

28.04.2020

mintosblog

At the end of March 2020, AlexCredit’s loans were suspended from the Primary and Secondary Markets on Mintos due to missed settlement payments to investors on Mintos. AlexCredit was also put on the negative ratings watch.  (more…)

Update on recent Varks licence revocation, situation in Armenia and Finko payments to investors on Mintos

22.04.2020

mintosblog

Comment by CEO of Finko Group, Janis Pizics for investors on Mintos:

Economic situation and Covid-19 impact

It is critical to understand the current economic and social situation in Armenia. Large part of the economy in Armenia consists of tourism and agriculture, and the rapid growth historically was driven by construction and service sector. (more…)

Akulaku suspended on Primary and Secondary markets due to late payment settlement; a restructured payments schedule already in place

16.04.2020

mintosblog

In light of a recent announcement of the President of Indonesia on the possible country-wide emergency state, as well as a recommendation of the Financial Services Authority (Otoritas Jasa Keuangan) of Indonesia for banks and alternative lending companies to defer current repayments, there is a possibility that borrowers’ repayments will have to be restructured. Described in detail by the CEO of the lending company Akulaku in Indonesia, Akulaku is experiencing difficulties and hence has missed their settlement payments due on March 31 and April 7 2020, resulting in accumulated pending payments…

Statement from Akulaku on recent events in Indonesia and impact it has had on business

16.04.2020

mintosblog

Comment by CEO of Akulaku, William Li for investors on Mintos:

“Dear investors on Mintos, 

We at Akulaku in Indonesia, pride ourselves on our responsible practices and work to promote financial well-being in the SouthEast Asia area. First, we have to admit that the COVID-19 pandemic and its influence on the Indonesia economy and financial industry is really beyond our expectations.  (more…)

Updated: Letter from ID Finance and IDF Eurasia’s Co-founder, Boris Batine

14.04.2020

mintosblog

April 9, 2020

Comment from Boris Batine, CEO of ID Finance on pending payment days to investors on Mintos

First, in relation to my communication of 7th April, thank you for your kind understanding of the situation we find ourselves in, with states of emergency in Kazakhstan, Spain and Mexico and the resultant impact on our loan service schedules. (more…)

Capital Service loans suspended from Mintos Primary and Secondary Markets

06.04.2020

mintosblog

Due to a failure to make timely settlement payments to investors on Mintos, we have made the decision to suspend loans originated by the lending company Capital Service on the Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice.   (more…)

Followup statement from Finko on recent Varks licence revocation

01.04.2020

mintosblog

Comment by CEO of Finko Group, Janis Pizics for investors on Mintos:

“Following up on my earlier message to investors on Mintos on the Board of the Central Bank of the Republic of Armenia (CBA) revocation of license for the lending company United Credit Joint Stock Company (Varks), there are couple developments to share as well as answers to questions about Finko I’ve seen on the Mintos blog.” (more…)

Cashwagon: Update on the current situation in Vietnam

01.04.2020

mintosblog

Despite its proximity to China, where the coronavirus has originated, SE Asia has been less affected than many European countries. As at 31st of March, there were just a bit over 3000 reported cases in Indonesia, Vietnam, and the Philippines combined.  (more…)

AlexCredit loans suspended from the Primary and Secondary Markets

28.03.2020

mintosblog

Due to failing to make timely settlement payments for investors on Mintos, we have made a decision to suspend loans originated by the lending company Alexcredit from the Primary and Secondary Markets on Mintos, until further notice.  

(more…)

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