CNFinance's Q3 Total Loan Origination Volume Was RMB5,105.1M (~$699.7M) , up19.9% YoY; Total Number Of Active Borrowers Was 26,624, Up 13% YoY
Portfolio Pulse from Benzinga Newsdesk
CNFinance reported a 19.9% year-over-year increase in Q3 total loan origination volume, reaching RMB5,105.1M (~$699.7M). The total number of active borrowers rose by 13% YoY to 26,624.

November 29, 2023 | 11:07 am
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POSITIVE IMPACT
CNFinance shows significant growth in Q3 with a 19.9% increase in loan origination volume and a 13% increase in active borrowers.
The reported increase in loan origination volume and active borrowers indicates a strong performance for CNFinance, which is likely to be viewed positively by investors. This growth suggests an expanding customer base and increased lending activity, which could lead to higher revenues and potentially improved profitability. The positive YoY growth figures are likely to instill investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100