Grab Loan Portfolio Improving Significantly
+64% growth YoY with GXS alone. Sounds impressive to me.
Wonder how this number will change when GXB starts disbursing loans as well.
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NANA7687 : You mean when borrower starts to payback the interest & loan?
Tanjiro_B : Agree on that one
JudeRB OP NANA7687 : They report that non performing loans are at around 2%.
Which I would assume means that a large majority of their loans are being repaid on time.
So, what I will pay attention to is the continuing growth of loans disbursed + % of non performing loans when GXB starts offering loans as well.
Having another source of revenue that can contribute significantly to the bottom line is important to my investing thesis.
If it’s underperforming, I will have to reevaluate my position.
JudeRB OP Tanjiro_B : Only time will tell