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A suspension on the Secondary Market has been lifted for one of the lending companies – IuteCredit Kosovo, allowing trading of its issued loans.
Since December 2019, IuteCredit Group has been covering payments of IuteCredit Kosovo, due to earlier revocation of IuteCredit Kosovo licence followed by an implementation of group guarantee by IuteCredit Group. So far, the Group has been honouring its obligations towards investors on Mintos, hence investors have been receiving regular payments upon their investments.
The suspension lift is effective immediately. We will continue closely monitoring all further payments on behalf of IuteCredit Group.
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.
About suspensions on Mintos
Learn more about suspensions here.