October 2023

Monthly Market Snapshot

The analysis for October shows several positive trends. There's substantial growth in lending volume and outstanding balances, indicating continued loan servicing and portfolio expansion. The significant reductions in early-stage delinquencies (Par 30 and Par 60) and more severe delinquencies (Par 90) are particularly encouraging. The improvement in the collection rate and the decrease in loan terms may also have positive implications for risk management and profitability. Interest rates continue to decrease even though cost of funding in general has been increasing, the lower interest rates can be attractive to borrowers but may impact the profitability of the lending institution.

A full breakdown of the calculations for these metrics is available here.

IndicatorOct MoM
Outstanding Balance8.85%
Par 30-2.37%
Par 60-1.97%
Par 90-1.75%
Collection Rate1.43%