Eurocent

Eurocent
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 42 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 2 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
eurocent.pl
Founded:
2004
Employees:
78
Loan Types: The type of linked assets the lending company has issued.
Personal loan Personal loan
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
PLN, EUR
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
59%-98%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 0

Recent News

29.10.2018

The current situation with Eurocent

17.04.2018

Latest update on Eurocent
All News

About

Eurocent S.A. is a non-bank loan originator issuing short-term unsecured loans in Poland. The company was listed on the Warsaw Stock Exchange. In June 2017, Mintos team noticed that Eurocent had missed the repayment of its corporate bonds and took a decision to suspend the company from the marketplace.

Presentation

Presentation

Last Updated: 17.08.2017

Financials

Financials

Last Updated: 04.09.2018

Loan Agreement

Loan Agreement

Last Updated: 17.08.2017