LexinFintech Holdings Ltd. Gives 2021 Loan Origination Guidance, Achieves 2020 Loan Origination Target - Seite 2

“In addition, I’m also pleased to announce that we have now officially reduced to zero the outstanding balance of loans invested by individual investors on our Juzi Licai platform,” continued Mr. Zeng, “Lexin has always been proactive in meeting any potential regulatory changes, and in being fully compliant with the relevant rules and regulations. We will continue to closely monitor the ongoing regulatory environment and take any necessary steps to minimize any potential impact to our business and operations, as we have done with our peer-to-peer business.”

“Credit performance and credit quality continue to improve, and all vintages have now stabilized. Our first payment default rate (30 day+)¹ for new loan originations have been at below 1% for the past 5 months, and our one-month delinquencies for our key past vintages have peaked,” said Mr. Ryan Huanian Liu, Lexin’s chief risk officer. “Our funding partners recognize this and continue to provide us with ample funding. Today, well over half of our new funding is utilizing the profit sharing model, where our funding partners take on the credit risk of the loans that we originate – representing a clear indication of our stable asset quality and the quality of our loan assets from our funding partners.”

¹ Loan balance with first payment day past due 30+ over total loan origination.

Please click here to view our credit statistics:

30-day delinquency by vintage

http://ml.globenewswire.com/Resource/Download/e5336fa9-9ef5-4142-8e36- ... 

First payment default 30+ for new originations

http://ml.globenewswire.com/Resource/Download/fe851e5b-690c-4bee-9ece- ... 

Full Year 2020 Operational Highlights:

• Total loan originations in 2020 reached RMB 176.5 billion, representing an increase of 40% from RMB 126 billion in 2019.
• Total outstanding principal balance of loans reached RMB 76 billion as of December 31, 2020, representing an increase of 26% from RMB 60.6 billion as of December 31, 2019.
• Total number of registered users reached 118 million as of December 31, 2020, representing an increase of 61.2% from 73.3 million as of December 31, 2019.

About LexinFintech Holdings Ltd.