China’s Dianrong Reports on 2016 Annual Results

Chinese P2P lender Dianrong has announced its 2016 financial results; loan originations increased 148% from 2015 to approximately RMB 16.23 billion ($2.36 billion) in 2016; the firm’s investor base grew to 3.62 million investors; loan loss rates were low overall with a 1.17% cumulative non performing loans rate and 2.46% current non performing loans rate; average interest rate earned by investors was approximately 7%; the firm says new regulations in China have helped large firms with established brands like Dianrong and sees continued growth ahead for the business.  Source

Notify of
Inline Feedbacks
View all comments