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2017-09-26

Lendify Sweden 1 AB: Lendify Sweden 1 AB (publ) publish information on its loan portfolio

Lendify Sweden 1 AB (publ) publish the following information on its
existing loan portfolio, describing more in detail the structure of
the portfolios acquired so far. Lendify Sweden 1 AB has acquired two
of a maximum of up to three loan portfolios from its parent company
Lendify AB. During the first three months of Lendify AB's financial
year (May-August 2017), loans in an aggregate amount of SEK 170
million were originated via its platform. The current pace of
origination for the last weeks of September corresponds to an
annualized amount of about SEK 700 million. Early indications
regarding credit losses for the portfolios acquired by Lendify Sweden
1 AB (publ) are aligned with the pre-set target of around 1.5% in net
credit losses.

Acquired loan
portfolios
(number 1 and
2)
Total nominal 205,588,106
amount (SEK)
Average 10.2%
interest rate
Average term 101
(months)
Weighted 3.02%
Average UC
score*
Risk
distribution
(at time of
acquisition)
Risk class Percentage of outstanding nominal amounts Weighted UC score*
A 6.09% 0.18%
B 10.64% 0.45%
C 16.98% 0.90%
D 27.95% 1.94%
E 26.11% 4.28%
F 12.23% 9.32%
Grand Total 100.00% 3.02%

For further information, please contact:

Erika Eliasson, Chief Investor Relations Officer tel. no. +46 (0)70
999 10 70

*The UC score represents the propensity, at time of loan origination,
for a debtor to get a payment remark (Sw. betalningsanmärkning)
within 12 months.

This information is information that Lendify Sweden 1 AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation and
the Swedish Securities Markets Act (2007:528). The information was
submitted for publication, through the agency of the contact person
set out above, at 7:40 CET on 26 September 2017.

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http://news.cision.com/se/lendify-sweden-1-ab/r/lendify-sweden-1-ab--pub...
http://mb.cision.com/Main/16211/2353952/727338.pdf

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