Rebuildingsociety’s returns reached 9.26pc in November
Rebuildingsociety investors earned a net profit of £18,076 in November, which equates to an annualised return rate of 9.26 per cent.
The peer-to-peer lending platform funded two public loans last month, bringing the total number of public loans funded since inception to 294. One new public loan was listed on the platform’s primary marketplace.
As of November, almost £17m had been loaned to UK-based business owners.
Read more: Rebuildingsociety reopens to ARs
In an investor update, Rebuildingsociety reported one new default in November, and no new refactors of public loans.
“November was above average in terms of lender profit and platform net return,” the platform added.
“We do not feel there are any loans at risk of default in December.”
By the end of November, the total capital still out on all public loans totalled £2,341,423. Of this, 12.21 per cent is currently in default.
Read more: Rebuildingsociety lenders record profit in September
£713 was recovered from default last month. Meanwhile, £648,736 was made in capital repayments and £25,928 in interest payments were received on public loans.
Rebuildingsociety keeps a rolling 12-month return figure to track profits over the last year. November’s performance took that average to 3.52 per cent.
Since inception, Rebuildingsociety has returned 5.94 per cent per year.
Read more: Rebuildingsociety “significantly” amends credit risk processes