Jiayin Group's Q1 Loan Facilitation Volume Was RMB22.5B ($3.1B), Up13.6% YoY
Portfolio Pulse from Benzinga Newsdesk
Jiayin Group reported a Q1 loan facilitation volume of RMB22.5 billion ($3.1 billion), up 13.6% YoY. The average borrowing amount per borrowing increased by 6.6% to RMB10,570 ($1,464), and the repeat borrowing rate rose to 73.0% from 67.8% in the same period of 2023.
June 06, 2024 | 10:05 am
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Jiayin Group's Q1 loan facilitation volume increased by 13.6% YoY to RMB22.5 billion ($3.1 billion). The average borrowing amount and repeat borrowing rate also saw significant increases.
The increase in loan facilitation volume, average borrowing amount, and repeat borrowing rate indicates strong business performance and customer retention, likely leading to a positive short-term impact on JFIN's stock price.
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