PeerBerry repays another €1.8m in war-affected loans
European peer-to-peer lending platform PeerBerry has paid another €1.8m (£1.58m) of war-affected loans, meaning that more than half of all outstanding Ukraine and Russia loans have now been repaid.
In the nine months since Russia invaded Ukraine, PeerBerry has repaid €27.02m to investors. This represents 54 per cent of the total war-affected loans on the platform.
Of this, €16.97m has been recovered from its Ukrainian lending partners, and €8.25m has been repaid by the platform’s Russian lending partners.
PeerBerry works with a number of loan originators across Europe to offer short term, long term, business, real estate and leasing finance products.
Almost €1.5bn has been loaned via the platform to date, with investors earning average returns of 11.1 per cent.
Read more: PeerBerry repays another €1.4m in war-affected loans
PeerBerry noted that long-term loans by Ukrainian originators AutoMoney and Slon Credit are being repaid with the accrued interest.
The platform also said that many business, real estate and leasing loans affected by the war have been repaid in full already.
“You can see the progress of repayments of war-affected loans (the total repaid amount, the amount of remaining war-affected obligations, and repayments by separate lenders or groups) on our “Statistics” page on our website,” PeerBerry said, in a note to investors.
“The repayments of war-affected loans are being performed monthly in the middle of the month.”
Read more: How European P2P lenders are protecting investors from war in Ukraine