IuteCredit ends loan buyback from Mintos investors

19.05.2020

mintosblog

IuteCredit Europe AS, the parent company of IuteCredit Group, has registered on Mintos as an investor and has ended buying back loans of its subsidiaries from the Secondary Market. 

Statement from IuteCredit’s CEO, Tarmo Sild

Dear Mintos investors,

During the pandemic of the coronavirus, we decided to create additional liquidity on the aftermarket and give our investors a choice to buy back loans of our subsidiaries from the Secondary Market. As we are all now returning to the new normal, we have also decided to end the buyback offer.

We find it encouraging and positive that the Mintos investors have shown confidence in IuteCredit, as there has been no interest towards buying back the loans. This shows that the investors trust that they will be able to get their loans back with the return on investment according to the agreed schedule.

Tarmo Sild

CEO of IuteCredit Europe

About IuteCredit

IuteCredit – established in 2008 – is a leading European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit serves customers currently in Moldova, Albania, North Macedonia, and Bulgaria as well as Bosnia and Herzegovina.

IuteCredit’s loan products are unsecured consumer loans with maturities between 1 month and 36 months and car-secured loans with maturities up to 60 months.

The mission of IuteCredit is to create an extraordinary experience in personal finance by exceeding customers’ expectations.

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