Each percentage, by risk category, is determined as follows:
Default rate =
number of projects that have been in a default state at least once in the year
total number of projects in the year
The total is the result of the simple average of the annual default rate by risk category observed over the entire 36-month period.
Expected default rate of loans offered on the platform by risk category pursuant to Article 20, paragraph 1, letter b) i)
In compliance with regulatory standards, the following data is updated at the close of the fiscal year.
The Expected Default Rate provides an estimate of the percentage of non-defaulted loans expected to default in a one-year observation period.
Estimates are based on actual default rates.