Plenti Group (ASX:PLT) provided a trading update for the quarter ended 31 December 2022.
Highlights include loan portfolio growth of 51% year-on-year, strong quarterly loan originations of $297 million, increased net interest margins on new loan originations, and strong credit performance with annualised net credit losses of 69 basis points and 90+ day arrears of 35 basis points at period end.
Plenti also introduced a new investment market to provide exposure to Plenti ABS notes, and remains on-track to meet 2H23 objectives.