Wisr reports strong prime lending growth
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Sarah Buckley
Sarah Buckley
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The personal lender closed the year with another quarter of strong growth, particularly from prime borrowers, new figures show.
Wisr has announced that it continued to see strong growth in new loan originations in the final three months of 2020.
According to the lender’s figures for the three months ending 31 December 2020, new loan originations grew by $83.8 million over the quarter – taking its total loan originations to $390.5 million since inception.
The new origination figures are up 165 per cent on the same period last year and represent a 35 per cent increase on the previous quarter.
Why the Wisr (ASX:WZR) share price popped 5% this morning
Mitchell Lawler | January 11, 2021 11:04am |
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Wisr Ltd(ASX: WZR) share price is up by 5.26% this morning, following a release from the company regarding its second quarter FY21 performance.
At the time of writing, the Wisr share price is sitting at 20 cents per share. The non-bank lender’s shares have fallen 14.89% in the last 12 months.
For comparison, other lending companies such as
Resimac Group Ltd(ASX: RMC) have returned 18.8% and 43.43%, respectively.
Wisr’s second quarter FY21 highlights
In today’s release to the ASX, Wisr informed the market of its continued record quarterly growth with prime loan customers. The company’s loan originations experienced a growth of $83.8 million quarter on quarter, an increase of 35%. This also represents a significant 165% increase in loan originations from the second quarter of FY20.