olof
Posts: 8
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Post by olof on May 2, 2018 20:50:26 GMT
Aasa Group (https://aasaglobal.com/) is an interesting lender on the Mintos platform as it is the sole lender giving out loans in SEK. I've looked into the balance sheet of their Swedish branch and it is absolutely terrible. The mother company Aasa Group has a stronger balance sheet.
I would like to find out whether the mother company "Supernova" guarantees the solidity of all their branches in Sweden, Poland, and Finland? Or would they just let the Swedish loans default in that branch went under?
Looking forward to more information. Thanks.
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olof
Posts: 8
Likes: 2
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Post by olof on May 3, 2018 18:42:20 GMT
I found the answer: "For loans that are delinquent for more than 60 days, Aasa offers a buyback guarantee. The obligations of Aasa Kredit Svenska AB are guaranteed by Aasa Group. The company keeps at least 5% of each loan available on the Mintos marketplace on its balance sheet to retain its “skin in the game”." blog.mintos.com/can-now-invest-swedish-krona-mintos/I also calculated some key figures from Aasa Group's latest annual report. Solidity: 29% Profit Margin: -3% Debt-equity ratio: 243% Looks alright for the near future.
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