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There is a significant increase of 76% in the company’s Revenue for 2023. This is due to the registered growth in the managed loan portfolio, which increased from EUR 4,065,607 at the end of 2022 to EUR 7,282,898 in 2023, or an increase of 79%.
As a result, Ibancar ends 2023 with Profit of EUR 406,921 compared to EUR 95,703 in 2022, which sums are fully capitalized in the company’s activities.
In 2023, Ibancar also relies mainly on external sources to finance its activities, and in particular the financing from iuvo and the P2P market. For this reason, Ibancar maintains elevated levels of leverage, with the Debt/Equity ratio being 5.13 as of 31.12.2023.
The company maintains very good liquidity levels. As of 31.12.2023, the Total Liquidity ratio is 1.36, which is well above the recommended values. For comparison, the ratio was 1.19 as of 31.12.2022.
You can see the audited report of Ibancar HERE.
