UCG TRUST | 2024 upcoming updates
During 2023 YTD actual losses from overdue payments on loans, covered by the Provision Fund reached the lowest level in the entire history of our platform and amounted to 1.2% of the total loan portfolio, which is 42.8% less than in the previous 2022 period. Thanks to the team from our credit department, these results are the best among all lending platforms.
Our plans for 2024 include expansion of the loan product line by reducing the threshold of the minimum loan amount from €50,000 to €25,000, as well as the changes regarding the minimum loan period, which will start from 24 months. This will allow us to increase our capacity and expand the loan portfolio.
We would also like to note that starting from April 2024, investments in USD currency will no longer be available. This is due to the fact that the volume of investments made in USD currency is less than 2.5%. Besides the major EUR investments, GBP investments will still be available to our investors.
In addition, starting from April 2024, the minimum and maximum investment period will be changed from 12-36 months to 24-48 months, respectively. Active investment accounts opened before that date will continue to be valid until their expiration date.
And here is one more piece of news we would like to share with you. Our technical support team has begun the development of a new software and a mobile application, which is scheduled to be released in the second half of next year. With our new software, the usability of the UCG TRUST platform and user interface will become more intuitive and even more secure, and you will be delighted with our new advanced functions.
Finally, we would like to inform you that we have updated our statistics, which you can review on our website in the Invest section.
Thanks to all our customers who have been with us from the start or joined us along the way!
UCG TRUST team