$1 Club, page-25813

@mondyinvest if you are going to look backwards, don't also forget to look forwards. In latest ANN we got updates on where IDSB is in regards to loans and profits. Already by end of Septmeber this year they have achieved the following compared to the full year ending December 2020

Active clients up over 30% from 27,136 to 35,996
Loan Book up over 40% from AUD $615,633,115 to AUD $897,753,115
Profit Before Tax up over 40% from AUD $3,705,041 to AUD $5,274,682

These figures are only until end of September so they still have a full quarter to go, so the end of the year will have even more impressive gains than what is showing



Not sure why you would want to go back before 2015, but clearly this year they have been able to increase their books substantially and that is with the COVID cloud hanging over them. I don't know what acces they have to the entire civil service list, but currenlty there are 1.7 million people on the Malaysian payroll. We're sitting on 35,996 active loan accounts, so as they come out of COVID I see no reason why this will not expand. Add another 50,000 people sitting on the books frmo previous loans and we are getting close to 100,000 civial servants with proven credit history that IOU can tap into. As Paul Russell said, these are the Nirvana of customers for BNPL, so will be interesting to see both how they can leverage this and also how IDSB goes in regards to growth in the coming years