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Following previous updates, we share news on the developments in the last month on each defaulted lending company and the recovery of invested funds. View the table for financial data and read comments on each lending company below. (more…)
IuteCredit starts a gradual return to the Primary Market with new opportunities for investment in three markets – North Macedonia, Albania, and Moldova. The company temporarily withdrew from the Primary Market in March this year, as a consequence of sharp decrease in borrowers’ demand for new loans, and uncertainty regarding the impact of COVID-19 on effective loan repayments from the customers, and the company’s profitability. (more…)
By Friday 12 June more than 32 000 Mintos investors have received payments in full for their outstanding investments in IuteCredit’s Kosovo loan portfolio. (more…)
Having lived more than a month in turbulent and highly dynamic market conditions, with many countries under a state of emergency, lending companies on Mintos are now sharing their financial results of 2019 and the first quarter of 2020, together with comments on how the situation has evolved during the last month. This blog post is a follow-up of the earlier announcements by the lending companies. (more…)
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. (more…)
Twice a year, we ask all lending companies on Mintos to update their financials, loan agreement, team size, loan portfolio, loans originated, and other information that isn’t updated automatically on Mintos. (more…)
So far, 2020 has been a year like no other. We moved quickly to adapt to the new economic climate that came as a result of the COVID-19 pandemic, and continue working closely with the lending companies on our Mintos platform to make sure they do the same. (more…)
Tarmo Sild, CEO of IuteCredit: “The Q1 2020 results were pleasing and almost in line with our targets. IuteCredit Group grew its loan portfolio at strong annual percentage rates, attracted more customers, and the customers maintained good repayment discipline.
April 30 update: IuteCredit has prolonged the discounts and offer validity for the buyback. Please see the highlighted details below.