01/13/2021

creditshelf can successfully continue growth in 2020

DGAP-News: creditshelf can successfully continue growth in 2020

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Quarter Results
13.01.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

CREDITSHELF CAN SUCCESSFULLY CONTINUE GROWTH IN 2020

Frankfurt am Main, January 13, 2021 ‒ creditshelf, the leading credit platform for digital SME finance in Germany, has grown double-digit in 2020 despite the Corona pandemic. The development of creditshelf's loan business is reflected in the following numbers:

Highlights:

  • Requested loans totaling EUR 1,528.2 mn were EUR 188 mn higher than the previous year's request volume, underlining the growing demand among German SMEs for fast, easy financing solutions.
  • creditshelf increased its arranged loan volume by 12% to EUR 98.9 mn in 2020 with a balanced mix of new and existing customers.
  • The outstanding loan volume grew significantly to EUR 123 mn as of December 31, 2020 (December 31, 2019: EUR 88 mn).
  • The average term of arranged loans decreased to 26.8 months in 2020 (2019: 27.7 months), reflecting a conscious risk exposure positioning.
  • The average coupon on the arranged loans was 8.8% in 2020 (2019: 8.3%).


Dr. Tim Thabe, CEO of creditshelf, stated:

"The ongoing Corona pandemic continues to present significant challenges to entrepreneurs. We are proud to have been able to support our customers in 2020 with our lending product. This allowed us to continue our growth in this challenging year. We again had no significant loan defaults in Q4, although the situation was exacerbated by the renewed lockdown affecting the German economy. This resilience of our portfolio demonstrates the high quality of our sales model and our risk analysis. It is the prerequisite for the success of our institutional funding strategy."

The complete 2020 annual report will be published by creditshelf on March 30, 2021.
 

Overview of alternative KPIs

  FY 2020 FY 2019 +/-
Volume of requested loans (in EUR mn) 1,528.2 1,340.7 +14 %
Volume of arranged loans (in EUR mn) 98.9 88.5 +12 %
Number of arranged loans 110 99 +11 %
Average ticket size (in kEUR) 899 893 +1 %
Average tenor (in months) 26.8 27.7 -3 %
Average interest rate (in % volume-weighted) 8.82 8.34 +48 bps
 

Upcoming Investor Relations events

February 24, 2021: ODDO SEYDLER BANK Small & Mid Cap Conference 2021
March 30, 2021: Publication of the 2020 Annual Report
May 10, 2021: Annual General Meeting 2021
May 12, 2021: Publication of the quarterly statement for Q1 2021
 

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Leiterin PR)
Mainzer Landstraße 33a
60329 Frankfurt
Tel.: +49 (69) 348 77 2413
presse@creditshelf.com
www.creditshelf.com
 

Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstraße 33a
60329 Frankfurt
Tel.: +49 69 348 719 113
ir@creditshelf.com
www.creditshelf.com
 

ABOUT CREDITSHELF

www.creditshelf.com

creditshelf is the leading credit platform for digital SME finance in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via a constantly growing network. creditshelf combines complementary needs: While SME entrepreneurs can easily access attractive financing alternatives, institutional investors can invest directly in German SMEs and partners can support their clients as innovative providers of new credit solutions. The core of creditshelf's business model is a unique, data-driven risk analysis and unbureaucratic, fast and digital processes. Thereby, creditshelf covers the entire value chain: its platform is used to select suitable credit projects, analyze the creditworthiness of potential borrowers, and provide credit scoring as well as risk-adequate pricing. For these services creditshelf receives fees from both borrowers and investors.

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.



13.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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