Goeasy Ltd. reports 41% increase in credit applications, 12% rise in loan originations to $686M, driven by unsecured lending and auto financing growth.
Alternative lender Goeasy Ltd. saw a 41% jump in credit applications in its first quarter, resulting in loan originations climbing 12% to $686 million. Strong performance across unsecured lending and automotive financing contributed to the growth. CEO Jason Mullins expects to finish at the high end of loan growth forecasts for the year, due to inflation and elevated interest rates leading Canadians to borrow more.
May 07, 2024
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