On April 24, 2018, ID Finance joined Mintos for a dwell webinar to debate the corporate’s newest financials and the funding alternatives in Kazakhstan. After the presentation, buyers had been capable of ask questions of the 2 audio system – the CEO of ID Finance, Boris Batine and the CFO of ID Finance Kazakhstan, Alexander Pak. Because of time constraints, among the questions had been left unanswered throughout the webinar, nevertheless, now you can learn the solutions from ID Finance beneath:
Are the loans on Mintos secured (by actual property) or are they unsecured loans?
ID Finance loans on Mintos are secured with buyback assure. That implies that ID Finance will repay the mortgage if it reaches a default of 60 days. ID Finance group acts as a guarantor of this obligation.
What’s the complete good mortgage portfolio of the group in the intervening time? By good portfolio, I imply the place non-performing loans are lower than 90 days.
At present, we’ve got a gross portfolio of USD 83 million of those loans.
How is the geographical enlargement going?
We’re presently working in 8 nations: Spain, Georgia, Russia, Kazakhstan, Belarus, Poland, Brazil, Mexico. In 2018, we plan to launch a enterprise in Colombia and in 2019 to enter the Indian market. We even have plans to increase our operations into the USA in 2020.
What are your progress forecasts and targets for the upcoming years?
In 2018, we count on the quantity of loans to extend by 113% and income by 90%. Issuance in 2018 – USD 421 million and income – USD 232 million.
How a lot of the group’s progress will come from Kazakhstan?
Issuance will develop from USD 197 million to USD 421 million (or + USD 224 million). Out of which USD 41.5 million comes from Kazakhstan or 19% of complete issuance progress.
ID Finance affords buyers the chance to put money into the Kazakhstani tenge – how do you see the foreign money danger in the intervening time?
We contemplate the foreign money danger as regular. The important thing elementary driver of Kazakhstan tenge change fee is the worth of oil. We are able to see a powerful rising development for Brent value over the past 12 months.
Why ought to buyers put money into loans from Kazakhstan, and particularly, ID Finance’s loans from the nation?
The important thing causes are:
– Excessive rates of interest. As much as 17% yearly;
– Buyback assure;
– Diversification (publicity to an area Kazakhstan foreign money – tenge).
In case you missed it, you may watch the webinar right here.