Press release from Lufax Holding (NYSE: LU): First quarter GAAP EPAD of -$0.21.
Total revenue of $964 million (-30.9% y/y).
The outstanding balance of eligible loans was RMB270.2 billion as of March 31, 2024 compared to RMB495.2 billion as of March 31, 2023, a decline of 45.4%.
The cumulative number of borrowers increased 12.4% to approximately 21.7 million as of March 31, 2024 from approximately 19.4 million as of March 31, 2023.
New loans issued were RMB48.1 billion in the first quarter of 2024, compared to RMB57.0 billion in the same period in 2023, a decline of 15.6%.
As of March 31, 2024, the percentage of non-performing loans for consumer finance loans was 1.6% compared to 1.5% as of December 31, 2023.