At Fagura.ro, we are committed to maintaining transparency in our communication with investors. The 90-day default rate, representing the percentage of loans that have not been repaid according to the established terms, is an essential indicator of our portfolio’s performance and the risk associated with investments on our platform.

According to Delegated Regulation (EU) 2022/2115, a default situation arises when:

It is unlikely that the project developer will pay in full or fulfill their obligations without resorting to actions such as the enforcement of guarantees;
The project developer has a delay of more than 90 days on a significant obligation related to the loan.

For the year 2024, we estimate a default rate of 10% across all risk grades. In the second year of activity in 2025, the default rate is expected to decrease to 5-6%.

The projection is based on internal analyses and on prior experience from the launch of Fagura in the Republic of Moldova in 2019-2020 and other data from external sources.

Starting in 2025, we will publish both the actual default rates and projections for each risk grade, once we have sufficient historical data for Romania. This approach is in line with our reporting obligations and underscores our commitment to transparency and accurate information.

We continue to closely monitor the portfolio’s performance and apply rigorous risk management strategies, thus protecting our investors’ interests and ensuring the long-term success of the Fagura.ro platform.