Statistics | CAPITALIA

Net return

Net investment return is interest and loan penalties earned, after deducting losses from defaulted loans and provisions for doubtful loans. Restructured loans carry provisions of 10% which in most cases does not turn out to be an actual loss and the return improves once such loan is repaid. Interest rate ranges from 5% annually on the safest loans up to 18% for the most risky projects. The weighted average project interest rate is 11.66% and the weighted average annualized loan loss rate is 1.14%, resulting in weighted net return of 10.52% (as of 2026.02.20). The return fluctuates based on the overall economic conditions, however, overall is very stable.

Net return is weighted average interest rate of all funded projects reduced by the observed weighted annualized loan loss rate

How it compares

Growth of an EUR 1,000 investment in loans to Baltic businesses would ensure a stable savings growth over the last six year period. This return compares very favorably with returns of investment to any other general investment categories in the eurozone.

Cumulative By year

Source: Capitalia Net Returns, iShares Core MSCI World UCITS ETF, iShares Global High Yield Corp Bond, iShares Developed Markets Property Yield UCITS ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, JPM Eur Money Market VNAD D Eur

Asset class	2019	2020	2021	2022	2023	2024	2025	Average
Capitalia	12.55%	11.92%	8.41%	10.03%	11.79%	10.09%	9.85%	10.66%
Equity	27.80%	15.90%	21.90%	-18.00%	23.90%	18.70%	21.16%	15.91%
Real estate	22.00%	-9.50%	25.20%	-24.30%	8.90%	1.00%	8.24%	4.51%
Investment-grade bonds	17.13%	-11.14%	-1.57%	-18.01%	9.27%	0.99%	8.00%	3.85%
High-yield bonds	11.90%	7.10%	0.46%	-12.51%	13.44%	2.95%	14.63%	5.42%
Deposits	-0.52%	-0.59%	-0.69%	-0.15%	2.66%	3.17%	1.72%	0.80%

Important note

Past performance does not guarantee future results. Any historical returns or default statistics may not reflect actual future performance. All investments involve risk and may result in significant losses. Read more in the Risk management section and take a look at our statistics below.

Funded projects

Sum of financed projects by months

By amount, EUR By number

Portfolio quality

Distribution of the portfolio by risk and late days

By amount, EUR By number

	A+	A	B	C	D	Total
Issued	€ 14,008,289	€ 20,438,624	€ 53,070,281	€ 24,937,377	€ 2,853,660	€ 115,308,231
Repaid	€ 13,840,679	€ 16,345,563	€ 38,845,610	€ 20,024,807	€ 2,550,806	€ 91,607,464
Active	€ 125,436	€ 3,370,177	€ 10,174,743	€ 2,999,693	€ 92,189	€ 16,762,238
1-30 days	€ 36,759	€ 310,905	€ 933,391	€ 1,320,012	€ 109,488	€ 2,710,556
31-60 days	€ 0	€ 0	€ 836,692	€ 49,518	€ 28,288	€ 914,498
61-90 days	€ 5,416	€ 0	€ 246,819	€ 64,684	€ 38,999	€ 355,918
91-180 days	€ 0	€ 0	€ 34,335	€ 92,690	€ 0	€ 127,025
181-360 days	€ 0	€ 306,519	€ 849,550	€ 130,864	€ 33,890	€ 1,320,822
Over 361 days	€ 0	€ 105,460	€ 1,149,141	€ 255,108	€ 0	€ 1,509,709

	A+	A	B	C	D	Total
Issued	526	119	383	333	50	1,411
Repaid	510	94	249	219	33	1,105
Active	12	21	95	77	8	213
1-30 days	3	2	16	20	4	45
31-60 days	0	0	5	2	2	9
61-90 days	1	0	3	3	2	9
91-180 days	0	0	1	1	0	2
181-360 days	0	1	5	4	1	11
Over 361 days	0	1	9	7	0	17

Last updated 23.03.2026

	A+	A	B	C	D	Total
Weighted average interest rate	8.54%	10.76%	11.75%	13.29%	15.47%	11.96%
Loan loss rate	0.00%	0.83%	2.73%	1.24%	0.71%	1.74%
Loan write-off rate	0.00%	0.00%	0.24%	0.06%	0.00%	0.12%

Last updated 20.02.2026

Loan loss rate calculations are based on the latest recovery estimates. Losses from written-off loans and provision expense for doubtful loans are summed and divided by the total loans issued. Loan write-off rate shows loans deemed unrecoverable divided by the total loans issued.

The regulatory Default Rate Disclosure Information is available here

Portfolio quality by vintage

The table below provides weighted average interest rate, annualized default rate, and annualized loss rates for portfolios generated in each year.

	2017	2018	2019	2020	2021	2022	2023	2024	2025
Weighted average interest rate	13.98%	12.45%	12.87%	11.92%	11.11%	11.05%	12.32%	12.08%	10.73%
Weighted average term	11.23	8.06	11.40	9.91	17.32	16.55	17.95	20.52	19.08
Annualized default rate	0.00%	2.38%	3.47%	2.06%	6.72%	2.83%	4.21%	5.79%	2.45%
Annualized loss rate	0.00%	0.00%	0.32%	0.00%	2.70%	1.02%	0.53%	1.99%	0.88%
Net return	13.98%	12.45%	12.55%	11.92%	8.41%	10.03%	11.79%	10.09%	9.85%

Last updated 20.02.2026

Investors

2097 Number of registered investors
69 Average number of investors per project
1,732 € Average investment per investor
11.96% Average
interest rate