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Plenti Lending Platform: December 2024 quarterly data report

Plenti is pleased to provide the quarterly data report in relation to the Plenti Lending Platform (PLP) loan book.

Shareholders in Plenti should be aware that the data provided in this report only relates to the PLP and does not provide a complete picture of Plenti's total loan portfolio. Shareholders should refer to Plenti's ASX releases for data in relation to the performance of the entire Plenti loan portfolio.

PLP lending statistics at 31 December 2024
Total amount lent1$1,219,665,960
PLP loan book$133,991,474
Total Interest paid earned$110,850,171
Number of loans outstanding12,500
Average outstanding loan amount$10,719
Weighted average remaining term36 months

1 Lending statistics since inception

An important feature of the PLP is the Provision Fund. The Provision Fund comprises cash held on trust for the benefit of members who invest via the PLP and is designed to help protect them from loss in the event a borrower misses a payment or defaults. Information on the Provision Fund position at 31 December 2024 is set out below.

Provision Fund and expected loss data at 31 December 2024
Cash in Provision Fund1$9,435,191
Expected Provision Fund inflows2 $264,914
Provision Fund total3 $9,700,105
Provision Fund total as % of loan book 7.2%
Claims made on Provision Fund to date 100%
Claims paid by Provision Fund to date100%

1 Funds currently held as cash at bank
2 Expected Provision Fund inflows represents contracted PLP borrower contributions to the Provision Fund due over the lifetime of outstanding PLP loans, adjusted to reflect expected early repayments and bad debt
3 Provision Fund buffer is the sum of money in the Provision Fund and expected future Provision Fund inflows

PLP loan and borrower characteristics at 31 December 2024 (based on principal outstanding)

No items found.