Post by martins on Mar 10, 2016 9:22:45 GMT
Starting Thursday, March 10, the leading non-bank mortgage lender in the Czech Republic, ACEMA Credit Czech (ACEMA), joins the peer-to-peer lending marketplace Mintos, offering investors even wider geographic investment opportunities.
Currently, investors on our platform can invest in loans issued by seven non-bank lenders from Latvia, Lithuania, Estonia, the Czech Republic and Georgia.
“In recent months we’ve felt increased interest from non-bank lenders looking to place their loans on the platform – from the Baltic countries and beyond. Though there is a lot of interest, we do a serious assessment of the lender before we start cooperation, analyzing its market position, the volume of loans issued, key financial indicators, its shareholder structure, the experience of its management, as well as its procedures for evaluating the creditworthiness of customers,” explains Martins Sulte, CEO of the peer-to-peer lending marketplace Mintos.
Sulte emphasizes that Mintos management works to attract strong loan originators who offer various types of loans with different maturities and degrees of risk to Mintos, thereby offering investors a wide range of choices in the framework of a single platform.
ACEMA will place property-secured loans issued to private individuals on the platform. The average loan amount will range from EUR 18,000 to EUR 35,000, with repayment in 12 to 240 months. It is forecast that the average annual net yield will start at 5.5% for loans with a buyback guarantee, while the average net yield will start at 10% for loans without a buyback guarantee.
“Currently we are purposefully working to expand our operations both for private individuals and in the small and medium business sector. That means we are looking to diversify sources of financing. We have done significant research on the opportunities offered by new and innovative financial technology (fintech) companies. We chose to collaborate with Mintos because we value their fair and transparent business processes,” says Martin Hronek, Business Development Manager of ACEMA.
Working in the financial market since 2002, ACEMA is one of the leading non-bank mortgage lenders in the Czech Republic. Last year, the company issued more than 500 loans for a total amount in excess of EUR 14 million. As of 31 December 2015, the total assets of the company were more than EUR 36 million and profit from the core business in 2015 was EUR 4.4 million.
Currently, investors on our platform can invest in loans issued by seven non-bank lenders from Latvia, Lithuania, Estonia, the Czech Republic and Georgia.
“In recent months we’ve felt increased interest from non-bank lenders looking to place their loans on the platform – from the Baltic countries and beyond. Though there is a lot of interest, we do a serious assessment of the lender before we start cooperation, analyzing its market position, the volume of loans issued, key financial indicators, its shareholder structure, the experience of its management, as well as its procedures for evaluating the creditworthiness of customers,” explains Martins Sulte, CEO of the peer-to-peer lending marketplace Mintos.
Sulte emphasizes that Mintos management works to attract strong loan originators who offer various types of loans with different maturities and degrees of risk to Mintos, thereby offering investors a wide range of choices in the framework of a single platform.
ACEMA will place property-secured loans issued to private individuals on the platform. The average loan amount will range from EUR 18,000 to EUR 35,000, with repayment in 12 to 240 months. It is forecast that the average annual net yield will start at 5.5% for loans with a buyback guarantee, while the average net yield will start at 10% for loans without a buyback guarantee.
“Currently we are purposefully working to expand our operations both for private individuals and in the small and medium business sector. That means we are looking to diversify sources of financing. We have done significant research on the opportunities offered by new and innovative financial technology (fintech) companies. We chose to collaborate with Mintos because we value their fair and transparent business processes,” says Martin Hronek, Business Development Manager of ACEMA.
Working in the financial market since 2002, ACEMA is one of the leading non-bank mortgage lenders in the Czech Republic. Last year, the company issued more than 500 loans for a total amount in excess of EUR 14 million. As of 31 December 2015, the total assets of the company were more than EUR 36 million and profit from the core business in 2015 was EUR 4.4 million.