PeerBerry repays €1.8m in war affected loans in May
PeerBerry has repaid another €1.8m (£1.57m) in war affected loans, as the platform continues its efforts to protect its investor from the impact of the Russian invasion of Ukraine.
The European peer-to-peer lending platform has now repaid a total of €38.73m from loans which have been impacted by the war. This represents 77.12 per cent of the total outstanding war-affected obligations towards the platform’s investors.
In a blog post, PeerBerry reminded investors that a part of the war-affected loans have been repaid in full already.
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Meanwhile, long-term loans issued by Ukrainian loan originators AutoMoney and Slon Credit are being repaid under the initial loan schedule. The last payments of these loans are being repaid with the accrued interest.
Ever since the Russian invasion of Ukraine in February 2022, PeerBerry has put in place a guarantee mechanism whereby the platform’s business partners agree to make repayments to investors in the middle of each month.
Last month, PeerBerry repaid another €1.8m in war-affected loans.
Investors have been urged to contact the platform directly if they have any questions about the loan repayments or the status of the platform’s loans which exposure to Ukraine and Russia.
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