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BRIEF-Oportun Financial Corp - Believes Customers Currently Managing Through Crisis & Returning To Repayment Status

路透社 ·  Jul 8, 2020 20:21
July 8 (Reuters) - Oportun Financial Corp :
   * OPORTUN FINANCIAL CORP - BELIEVES THAT CUSTOMERS ARE CURRENTLY MANAGING THROUGH CRISIS & RETURNING TO REPAYMENT STATUS
   * OPORTUN FINANCIAL CORP - 30+ DAY DELINQUENCY RATE AS OF JUNE 30 WAS 3.7%, DOWN FROM 4.0% AT END OF BOTH APRIL AND MAY.
   * OPORTUN FINANCIAL CORP - FIRST PAYMENT DEFAULTS ON NEWLY-ORIGINATED LOANS ARE TRENDING BELOW PRE-PANDEMIC & 2019 LEVELS
   * OPORTUN FINANCIAL CORP - CO HAS INCREASED APPROVAL RATES OVER LAST FEW WEEKS
   * OPORTUN FINANCIAL CORP - INTENDS TO CONTINUE TO ADJUST APPROVAL RATES, VERIFICATION PROCEDURES AND LOAN SIZES
   * OPORTUN FINANCIAL CORP - CONTINUES TO MONITOR EXTERNAL ENVIRONMENT
   * OPORTUN FINANCIAL CORP - ANTICIPATES LOWER AVERAGE DAILY PRINCIPAL BALANCE WILL HAVE CORRESPONDING IMPACT ON REVENUE
   * OPORTUN FINANCIAL CORP - DETERMINED CO CONTINUES TO HAVE MORE THAN 12 MONTHS OF LIQUIDITY RUNWAY

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