According to the latest statistics, investors have invested over 5 million euros in the Ekspress Pozyczka business on hive5. Undoubtedly, it shows investors' trust in this business. Therefore, we will review why this confidence is justified today and compare the results for the second and third quarters of 2023.
In the second quarter, Ekspres Pożyczka demonstrated its potential with impressive figures. However, the third quarter was even more impressive:
- Number of Customers: 37,783
- Loans Granted: 12,239
- The volume of Loans Granted: 5,755,00 EUR (+66% vs Q2)
- Net impairment: 314,000 EUR
- Default Rate: 8.4%
The substantial customer rise and the impressive 66% increase in the volume of loans granted escalated the growing trust of Ekspres Pozyczka among Polish consumers. Despite the rapid expansion, the company reduced its default rate from 9.5% to 8.4% in the third quarter. This improvement underscores the effectiveness of its risk management strategies and underscores its commitment to maintaining a healthy loan portfolio.
In addition, the team is still actively working on credit card solutions, which will open up even more opportunities for business development. Also, the main focus remains to combine the growing number of granted loans and maintain a low default rate.
With the remarkable performance in the second and third quarters of 2023, Ekspres Pożyczka proves it is on the right track and encourages investors' confidence in the business.
