RateSetter to publish monthly loan book breakdown

RateSetter to publish monthly loan book breakdown




RateSetter is improving transparency by publishing more details about its loan book.

RateSetter is improving transparency by publishing more details about its loan book.

Last year, RateSetter became one of the first companies in the industry to publish its loan book in full, and the P2P lender has now taken this a step further by providing a breakdown of who is borrowing through the platform.

In a blog post on its website, Rhydian Lewis, CEO at RateSetter, said: “The financial crisis in 2008 showed just how serious a lack of transparency in financial services can be.

“From the outset, our industry sought to address this and has led the way in setting new standards for transparency in financial services.

“At RateSetter, we are big believers in transparency and its role in underpinning the growth of markets.”

RateSetter’s most recent set of data reveals that total outstanding loans were £517m at the end of 2015.

59% of that lending was to individuals, 31% was to businesses and 11% was to property developers.

RateSetter will now update this information on a monthly basis. 

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