On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.”
Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”
Litelektra is a Lithuanian company that aims “to make the combination of renewable wind and solar energy more accessible by ensuring a full cycle of stable and affordable energy throughout the whole year.”
As noted in another update from PeerBerry, the third meeting of the Independent Supervisory Board was held on Thursday, June 16.
Summary of the meeting is as follows:
War-affected obligations towards PeerBerry investors:
Total war-affected obligations on February 24, 2022 – EUR 50+ M:
- Aventus Group war-affected obligations – EUR 40,46 M
- Gofingo Group war-affected obligations – EUR 10,16 M
- Repaid war-affected obligations:
- Aventus Group – EUR 15,02 M
- Gofingo Group – EUR 2,3 M
Total outstanding war-affected obligations
- Aventus Group – EUR 25,5 M
- Gofingo Group – EUR 7,86 M
- Aventus Group in total numbers (Forex on 2022-06-14 by market price)
- Total portfolio – EUR 260,2 M (+14% vs April 2022)
- Good principal portfolio – EUR 85,8 M (no delays and delays of up to 15 days, +2,5% vs April 2022)
- Total obligations towards investors – EUR 69,0 M (+1,5% vs April 2022)
- Real Estate (own property) – EUR 17,2 M (10,4 M in Russia and 6,8 M in Ukraine – purchasing price)
- Cash in banks – EUR 25,4 M (all Aventus Group companies, +45% vs April 2022)
- Assets – EUR 128,4 M (good principal + real estate + cash, +9% vs April 2022)
- Equity – EUR 59,4 M (assets – obligations, +18% vs April 2022)
Aventus Group without Ukraine and Russia
Total portfolio – EUR 102,0 M (+15% vs April 2022)
- Good principal portfolio – EUR 47,7 M (no delays and delays of up to 15 days, (+11% vs April 2022)
- Total obligations towards investors – EUR 43,5 M (+14% vs April 2022)
- Cash in banks – EUR 11,9 M (+22% vs April 2022)
- Assets – EUR 59,6 M (+13% vs April 2022)
- Equity – EUR 16,1 M (+10% vs April 2022)
Ukraine and Russia
- Total portfolio – EUR 158,2 M (+12% vs April 2022)
- Good principal portfolio – EUR 38,1 M (no delays and delays of up to 15 days, -6% vs April 2022)
- Total obligations towards investors – EUR 25,4 M (-15% vs April 2022)
- Real Estate (own property) – EUR 17,2 M (purchasing price)
- Cash in banks – EUR 13,4 M (+79% vs April 2022)
- Assets – EUR 68,7 M (+5% vs April 2022)
- Equity – EUR 43,3 M (+22% vs April 2022)
Ukraine
- Total portfolio – EUR 80,1 M (+8% vs April 2022)
- Good principal portfolio – EUR 9,0 M (no delays and delays of up to 15 days, -32% vs April 2022)
- Total obligations towards investors – EUR 9,8 M (-14% vs April 2022)
- Real Estate (own property) – EUR 6,8 M (purchasing price)
- Cash in banks – EUR 10,8 M (+96% vs April 2022)
- Assets – EUR 26,6 M (+4% vs April 2022)
- Equity – EUR 16,8 M (+18% vs April 2022)
Russia
- Total portfolio – EUR 78,1 M (+17% vs April 2022)
- Good principal portfolio – EUR 29,0 M (no delays and delays of up to 15 days, +6% vs April 2022)
- Real Estate (own property) – EUR 10,4 M (purchasing price)Total obligations towards investors – EUR 15,6 M (-15% vs April 2022)
- Cash in banks – EUR 2,6 M (+30% vs April 2022)
- Assets – EUR 42,0 M (+5% vs April 2022)
- Equity – EUR 26,4 M (+23% vs April 2022)
Aventus Group’s Net Profit
- Net profit in May (without Ukraine and Russia) – EUR 1,75 M
- Net profit forecast for June (without Ukraine and Russia) – EUR 2,2 M
Gofingo Group
Currently, Gofingo Group “does not offer loans on the PeerBerry platform. The Group focuses on its profitable business in the Czech Republic and Vietnam.”
The total portfolio of Gofingo Group in Ukraine “currently amounts to EUR 13,3 million (-8% vs April 2022).”
Currently, Gofingo Group “has EUR 2,36 million of cash in banks.”
As clarified in the update:
“We want to remind you, that PeerBerry business partners repay war-affected loans every month. To date, PeerBerry’s business partners have already repaid 17.3 million war-affected loans, which is 35% of all war-affected obligations.”
The firm added:
“We plan, that the next meeting with investors will be held in September.”
As mentioned in the announcement, the independent supervisory board on PeerBerry is “a group of 30 elected investors who had a significant amount of war-affected loans in portfolios.”
The independent supervisory board has been “established by PeerBerry to monitor lenders’ performance and to communicate the latest updates regarding the repayments of war-affected loans from Russia and Ukraine.”