Mintos investors earned €3.9m in interest in June
Mintos saw €88m (£75m) worth of notes funded in June, while investors earned €3.9m in interest.
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“During June, investments in notes amounted to €88.7m, which, when looking at the daily investment amount, remained relatively flat compared to the previous month,” said Peteris Mikelsons, head of partnerships at the European lending marketplace.
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“Similar to the previous month, in June, notes available for investments in euros increased from €84m at the end of May to €88m at the end of June. However, that did not have any impact on the interest rate movement in the market, as the interest rate for investments in euro-denominated notes remained essentially flat at 12.7 per cent (12.8 per cent in May).”
The average interest rate last month stood at 12.8 per cent, with an annualised average net return of 9.8 per cent. The cumulative interest earned by investors is €238m and the total assets under administration are now €583m.
Earlier this year, Mintos revealed it is developing its own exchange traded funds, after the project was put on hold due to the Russian invasion of Ukraine.
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