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2024 has been a year of expansion and transformation for Ocean Credit. In a challenging economic environment, they have managed to strengthen their position on the financial services market, expand their product portfolio and strategically invest in technology and infrastructure.
The launch of new lending products, the optimization of the existing offering and the strengthening of partnerships have contributed significantly to attracting record numbers of customers (26% increase compared to last year) and increasing the volume of loans granted (36% increase in gross portfolio and 49% increase in net portfolio compared to last year).
Ocean Credit responded effectively to operational and compliance challenges, strengthening risk management mechanisms and adapting quickly to regulatory requirements. These efforts have enabled the company to maintain a high level of customer and investor confidence.
Ocean Credit adjusted the repayment term of one of their products, which was decided following analysis of payment behavior and customer desire for a more affordable monthly rate. The positive 2024 results confirm that this change has been well received, with the product consolidating its position as the main volume driver in the portfolio of the company.
This means that there will be adjustment to the loans Ocean Credit lists on iuvo as well. The new loans Ocean Credit will list now will be with 6-month maturity and 11.5% annual interest. This is an increase of 1.5% annually compared to the interest of their loans so far, which was 10%.
Read the full audited report of Ocean Credit for 2024 HERE.
