November 17 (SeeNews) - Estonia-based fintech company IuteCredit said its interest income from operations in Bosnia and Herzegovina rose by 41.1% year-on-year in the January-September period of 2021, to 1.5 million euro ($1.7 million).
The net loan portfolio of IuteCredit BH came in at 3.2 million euro at the end of September, up from 2.7 million euro at the end of December 2020, the parent company said in an interim financial statement on Tuesday.
IuteCredit BH's loan applications approval rate increased by 2.6% year-on-year in the first nine months of 2021.
Tallinn-headquartered IuteCredit is a microcredit and fintech company offering unsecured consumer loans with maturities between 1 and 36 months and car-secured loans with a maturity of up to 60 months. It is offering installment loans, in which the principal, interest and other fees must be repaid monthly according to a mutually agreed schedule.
The company also operates in Bulgaria, North Macedonia, Moldova and Albania.
($ = 0.8837 euro)