DGAP-News: creditshelf Aktiengesellschaft
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creditshelf reaches milestone of more than EUR 100 million new business while maintaining a stable portfolio performance
Frankfurt am Main, Germany, September 14, 2021 ‒ creditshelf, the leading financier for digital SME loans in Germany, generated more than EUR 100 million in new loan business between January and September 2021, already exceeding the total loan volume of EUR 98.9 million arranged in fiscal year 2020. This success is based on creditshelf's distinct and data-driven marketing approach and continuously expanded sales channels. With high granularity and rewarding yields in a low interest rate environment, creditshelf's loans present an attractive asset class and opportunity for institutional investors.
credithelf CEO Dr. Tim Thabe comments on the success: "We are very proud to have reached the 'magic' EUR 100 million milestone in September, while the historically strong months of the year still lie ahead. Exceeding this threshold clearly shows that alternative financiers play an important role in the SME lending industry and continue to grow in importance. Leaving the Covid crisis behind, we are a reliable partner to the German Mittelstand and ready to deliver."
The loans arranged by creditshelf cover the full spectrum of the German SME sector and their individual financing needs. The company has arranged approx. 500 loans since its foundation, which result in a highly diversified portfolio. Not only does it reflect all classic Mittelstand industries, but it also provides high granularity with an average ticket size of around EUR 1 million and a mix of annuity and bullet loans. The historical, annual net return has been stable between 5% and 6%. Combined with the strongly growing arranged loan volume, creditshelf offers relevant investment opportunities and an attractive asset class for institutional investors, especially in a low-interest environment.
Dr. Daniel Bartsch, COO of creditshelf, is satisfied with the company's development: "For this success, all key elements of our business model have worked together perfectly: Modern technology, in-depth credit risk analysis, an institutional funding approach with strong partners, distinct marketing and strong, customer-focused sales. We look forward to continuing and extending our strong growth together with an outstanding team and many partners."
creditshelf has been listed in the Prime Standard Segment of the Frankfurt Stock Exchange since 2018. The experts in the creditshelf team offer many years of experience in SME financing and are trusted partners and visionaries for the entrepreneurship of tomorrow.
14.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Mainzer Landstrasse 33a|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1233045|
|End of News||DGAP News Service|