Investor Presentaiton
Shift to better quality borrowers with improving delinquency rates
Delinquency rates by vintage(1)
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
1
2
3
4
5
6
7
8
9
10
11
12
2018Q1
⚫2018Q2
.2019Q3
.2019Q4
2018Q3
-2020Q1
.2018Q4
2019Q1
2019Q2
2020Q2
2020Q3
2020Q4
Note: Data as of Mar 31, 2021. Represents the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for all loan products in Mainland China.
Vintage is defined as loans facilitated during a specified time period. Delinquency rate by vintage is defined as (i) the total amount of principal for all loans in a vintage that become
delinquent, less (ii) the total amount of recovered past due principal for all loans in the same vintage, and divided by (iii) the total amount of initial principal for all loans in such vintage.
(1)
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