We’re pleased to announce that Ibancar has released their audited 2024 financial results.
Based on the financial statement provided for 2024, the company’s total revenue reached EUR 8.2 million, showing a 30% year-over-year increase.
Ibancar’s net profit also saw a growth, rising 14% from EUR 407 thousand in 2023 to EUR 463 thousand. Net margin is stable at about 6%.
At year-end, the Company’s assets amounted to EUR 17.6 million. The company’s equity stood at 1.7 million EUR, with EUR 9.2 thousand of that amount representing share capital and EUR 645 thousand of share premium.
Their net loan portfolio size also shows significant growth from EUR 7.2 million at the end of 2023 to EUR 12.2 million at the end of 2024.
Since October 2024, Ibancar has been onboarded to the Income platform, and our investors have already invested over EUR 4.5 million in loans originated by Ibancar, earning over EUR 195 thousand.
Investing in loans originated by Ibancar yields up to 9.5% per annum, making it an attractive option for those looking to grow their investments.
