JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Feb 24, 2022 14:09:50 GMT
Some of the Euro platforms have Russian loans converted to Euros. With the collapse of the Rouble they may have difficulty repaying investors, so worth thinking about removing auto investments for Russian lenders.
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Post by captainconfident on Feb 24, 2022 15:52:10 GMT
The platforms with Russian loan exposure are Mintos, Twino, Peerberry, Iuvo (Kvuku loans only). I've avoided Russian loans on these platforms to a great extent but I am worried about platform exposure in two of these cases. Peerberry also has a large amount of Ukrainian loans. All four platforms have issued reassuring statements about their liquidity.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Feb 24, 2022 16:08:38 GMT
The platforms with Russian loan exposure are Mintos, Twino, Peerberry, Iuvo (Kvuku loans only). I've avoided Russian loans on these platforms to a great extent but I am worried about platform exposure in two of these cases. Peerberry also has a large amount of Ukrainian loans. All four platforms have issued reassuring statements about their liquidity. Thankyou, the only one I am still invested with is Iuvo, but running down and I don't have any Kviku loans.
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mogish
Member of DD Central
Posts: 1,105
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Post by mogish on Feb 24, 2022 17:34:05 GMT
Not p2p but do have an"investment " in liontrust russia..... just dropped 40%. Gues i wont be seeing much return there for a while.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Feb 24, 2022 19:06:32 GMT
Mintos, Peerberry and Iuvo have stopped issuing Russian and Ukrainian loans...
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Ukmikk
Member of DD Central
Posts: 452
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Post by Ukmikk on Mar 1, 2022 16:29:40 GMT
I only have loans on Peerberry. If I interpreted correctly, when they announced they were suspending Russian and Ukrainian loans they suggested the lenders had enough liquidity to pay back those loans already issued ie. would honour the buy-back guarantees. Am I mistaken?
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Mar 1, 2022 18:20:27 GMT
Only time will tell  |
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Post by geldregiertdiewelt on Mar 2, 2022 12:48:59 GMT
I never understood why anybody would “invest” in loans from ex-USSR countries, as opposed to loans originated in EU/UK.
Same with loans from Africa as offered e.g. on Mintos.
The interest premium, if existent at all, is ridiculous compared to the additional risks, which are many. This is not investing, it's gambling.
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adrian77
Member of DD Central
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Post by adrian77 on Mar 15, 2022 14:02:18 GMT
exactly
We have plently of crooks behind p2p in the UK - I hate to think who is behind some of these ex-USSR funds etc - will not touch any with a bargepole...
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Post by overthehill on Mar 15, 2022 14:20:44 GMT
I wouldn't be investing big money in any P2P loans, especially business loans, for the next few months, collateral damage could be just as bad as direct losses in Russian loans. We don't know yet who is exposed to Russia or Ukraine for that matter. We've seen the damage caused by Greensill. Plus you've got sanctions, asset freezes and export controls. Development loans in UK property might be the safe place at the moment.
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Post by nooneere on Mar 18, 2022 22:45:06 GMT
The Explore P2P website is pessimistic about several platforms, and quantifies their exposure: "Russia/Ukraine – which P2P investments are most at risk?" explorep2p.com/russia-ukraine/ |
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