26 April 2022

PeerBerry partners’ business figures in April | Summary of the Independent Supervisory Board meeting

The second meeting of the Independent Supervisory Board was held on Tuesday, April 26.

During the meeting, the current business figures of PeerBerry’s business partners’ have been presented.

Aventus Group in total numbers on 2022-04-24 (Forex on 2022-04-24 by market price)

• Total portfolio – EUR 229,3 M
• Good principal portfolio – EUR 83,8 M (no delays and delays of up to 15 days)
• Total obligations towards PeerBerry investors – EUR 67,9 M
• Real Estate (own property) – EUR 17,2 M (purchasing price, the market value before the war was over EUR 30 million)
• Cash in banks – EUR 17,3 M (all Aventus Group companies)
• Assets – EUR 118,3 M (good principal + real estate + cash)
• Equity – EUR 50,4 M (Assets – Liabilities)

Aventus Group without Ukraine and Russia

• Total portfolio – EUR 88,4 M
• Good principal portfolio – EUR 43,0 M (no delays and delays of up to 15 days)
• Obligations towards investors – 38,0 M
• Cash in banks – EUR 9,7 M
• Assets – EUR 52,7 M
• Equity – EUR 14,7 M

Ukraine and Russia

• Total portfolio – EUR 141,0 M
• Good principal portfolio – EUR 40,7 M (no delays and delays of up to 15 days)
• Obligations towards investors – EUR 29,8 M
• Real Estate (own property) – EUR 17,2 M (purchasing price, the market value before the war was over EUR 30 million)
• Cash in banks – EUR 7,5 M
• Assets – EUR 65,4 M
• Equity – EUR 35,6 M

Ukraine

• Total portfolio – EUR 74,1 M
• Good principal portfolio – EUR 13,3 M (no delays and delays of up to 15 days)
• Obligations towards investors – EUR 11,4 M
• Real Estate (own property) – EUR 6,8 M (purchasing price)
• Cash in banks – EUR 5,5 M
• Assets – EUR 25,6 M
• Equity – EUR 14,2 M

Russia

• Total portfolio – EUR 66,8 M
• Good principal portfolio – EUR 27,4 M (no delays and delays of up to 15 days)
• Real Estate (own property) – EUR 10,4 M (purchasing price)
• Obligations towards investors – EUR 18,4 M
• Cash in banks – EUR 2,0 M
• Assets – EUR 39,8 M
• Equity – EUR 21,4 M

Aventus Group’s forecasted Net Profit 2022

• Aventus Group without Ukraine and Russia – EUR 17,5 M
• Russia – EUR 7,3 M

Aventus Group today

• Employees – 1846 (without RU 1396)
• Profitable markets (active cooperation with PeerBerry) – Poland (4 companies), Kazakhstan (3 companies), Vietnam (1 company), Moldova (1 company, 2 types of products)
• Business in Russia (3 short-term lending companies and real estate business)
• Business in Ukraine (3 short-term lending companies, 1 installment, 1 leasing, and real estate business)
• Smaller companies currently in a passive development stage – Romania, Sri Lanka, Philippines, India, Kenya, Vietnam (new company)
• Profit in March  – EUR 1,86 M
• April’s profit forecast without UA and RU EUR 1,9 M

Gofingo Group

• Currently, Gofingo Group does not offer loans on the PeerBerry platform. The Group focuses on its profitable business in the Czech Republic and Vietnam.
• Gofingo Group’s plan is to repay about EUR 300 000 of Ukrainian war-affected loans monthly.
• The total portfolio of Gofingo Group in Ukraine currently amounts to EUR 14,4 million.
• Currently, Gofingo Group’s war-affected obligations towards investors amount to EUR 8,7 million (EUR 8,3 million are short-term obligations, EUR 0,4 million are long-term obligations).

Summary of the meeting:

• Currently, Aventus Group in Ukraine obligations towards investors amount to EUR 11,4 M, in Russia – EUR 18,4 M. Gofingo Group in Ukraine obligations towards PeerBerry investors amount to EUR 8,7 M.
• From February 24 (since the war started) till April 26, PeerBerry business partners already repaid EUR 11,64 million on war-affected loans. EUR 2,94 million have been repaid in April.
• An additional amount of EUR 500 000 is approved to repay war-affected short-term loans this month. After this additional repayment this week the total repaid amount on war-affected loans in April will be EUR 3,44 million (significantly more than EUR 1,3 million planned to be repaid at the beginning of April).
• After all repayments in April, the total repaid amount on war-affected loans will be EUR 12,14 million (since the war started). It’s more than 24% or almost ¼ of the total war-affected obligations towards PeerBerry investors, i.e., just in a few months, PeerBerry partners have reduced their war-affected obligations by 24%.
• War-affected loans currently are being repaid from Group’s cash reserves as direct transfers from Russia and Ukraine remain unavailable.
• The next pool of repayments on war-affected loans is scheduled for May.
• The proportionality method will be followed when repaying war-affected short-term, real estate, and business loans. Ukrainian long-term loans (Slon Credit UA) and Ukrainian leasing loans (AutoMoney UA) will be repaid under the initial loan schedule.
• Excluding one of the most profitable markets – Ukraine – Aventus Group remains one of the most profitable and one of the biggest market players.
• Ukrainian business partners notice a slightly improving collection rate on issued loans. Aventus Group will partially activate operations (in a passive mode/small volume for market testing purposes) in Ukraine by offering loans only in those locations that are not directly affected by war.
• Nearest two months PeerBerry business partners will monitor the impact of sanctions on Russia’s economy. If the business in Russia will continue keeping a good development trend, the RUB exchange rate will be stable, and there will be normal conditions to convert RUB to EUR, Aventus Group may consider some compensation mechanism of interest rates on Russian loans later that are more than 60 days late.
• Aventus Group and Gofingo Group are about to gradually repay war-affected loans on a monthly base.
• The conservatively planned repayment period of war-affected loans is 24 months, but there is a high probability that war-affected loans will be repaid faster.

The independent supervisory board on PeerBerry is a group of 30 elected investors who have a significant amount of war-affected loans in portfolios. The independent supervisory board has been established by PeerBerry to monitor lenders’ performance and to communicate the latest updates regarding the recovery of war-affected loans from Russia and Ukraine.