By the end of 2022, the value of net assets per average resident of Europe reached €50,000, according to an update from Robocash.
According to a report from Robocash, the largest share is occupied “by conservative instruments with noticeably growing alternative sources of financing.”
Analysts of the Robocash platform examined “the structure of assets and liabilities of households with further determination of the Net Wealth indicator in 27 European countries.”
As noted in a blog post by Robo.cash, the results of the study showed “that the average European most likely owns assets worth approximately €50,200, compared to €23,500 at the beginning of the 21st century.”
Robocash analysts comment on the statistics:
“It is important to remember though that the price of goods and services is growing day to day because of inflation, so the real value of assets and their purchasing power are gradually falling. Hence, at current prices, the value of the assets has increased by 113%, but if we take into account the prices of the year 2000, we’d be looking at 28.3% growth in real value.”
In terms of portfolio structure, conservative elements “such as deposits and IPSG account for more than half of all instruments.” Over the past 22 years, their share has “increased by 4.2 pp and 4.7 pp accordingly.”
Risky instruments such as Unlisted and Listed shares, Investment fund shares and units are rapidly “declining along with Debt securities.”
The analysts added:
“This is probably strongly related to the European mentality and cautious attitude to monetary risks.”
The largest increase is “observed in the Other equity indicator – +5.5 pp.”
The analysts further noted:
“Trying to protect their capital against relatively high inflation both in the early 2000s and in the last 3 years, the average European investor is looking for higher returns that will help maintain the purchasing power of their capital. Such investments can be crowdfunding or P2P lending, as well as cryptocurrency projects.”
In another update from Robo.cash, it was noted that July turned out to be active, “which is reflected in the key monthly figures.”
For now, Robocash are still keeping “a low-key offer and waiting for updates from the business.”
Upcoming changes in the Loyalty program
Starting August 28, the terms of the Loyalty program “will change.” Under the new conditions, two loyalty categories will “remain with bonuses of 0.5% and 0.8%.”
The changes will apply “to all investors of Robocash.”
Robocash Group results for H1 2023
Robocash Group shared key highlights “for the first six months of 2023.”
The main focus was “on the systematic preparation for the opening of new markets, as well as on maintaining the quality of loan portfolio and borrower retention.”
European P2P market continues its systematic growth
Since the beginning of the year, the P2P market has “shown moderate growth, confirming the forecasts of Robocash investors.” In a new study, Robocash talked about “the main trends in the industry that emerged in the first half of the year.”