Updates19 July 20214 minute read

Plenti Lending Platform: June 2021 quarterly data report

Our quarterly data report in relation to the Plenti Lending Platform (PLP) loan book and provision fund performance.

Plenti Group Limited (Plenti or the Company) is pleased to provide its 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. In particular, it does not include data on loans funded via the Company’s warehouse facilities and the Plenti Wholesale Lending Platform. Shareholders should refer to the quarterly trading update released to the ASX on 13 July 2021 for data in relation to the performance of the entire Plenti loan portfolio.

The PLP is a registered managed investment scheme with over 23,500 members (who are predominantly retail investors). Plenti releases to its website the data in this report on a quarterly basis to members who invest in the PLP. Plenti has also released this information to the ASX each quarter, however, as the PLP now represents a less significant proportion of Plenti’s total loan funding the Company will discontinue providing this release to the ASX in future periods.

PLP lending statistics as at 30 June 2021

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 as at 30 June 2021 is set out below.

PLP loan and borrower characteristics as at 30 June 2021 (based on principal outstanding)

Loan book update

Investors can download the PLP loan book via the below link.

Download Loan book

Further information regarding loans funded via the Plenti Lending Platform can be accessed here: https://www.plenti.com.au/newsroom/provision-fund-loan-book-update-june-2021/

All numbers in this release are preliminary and unaudited. This release was approved by the Chief Executive Officer on behalf of the Plenti board of directors. For more information, please contact Julia Lefort, Head of Corporate Affairs, julia.lefort@plenti.com.au, 0415 661128.

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Written byGlenn Riddell
Glenn co-founded Plenti in May 2014 and has broad experience in building disruptive finance platforms, and in the retail lending industry since 2007.