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LendingClub (FRA:8LCA) Allowance For Loans And Lease Losses : €-238.4 Mil (As of Mar. 2024)


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What is LendingClub Allowance For Loans And Lease Losses?

LendingClub's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was €-238.4 Mil.

LendingClub's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 (€-328.4 Mil) to Dec. 2023 (€-284.6 Mil) and increased from Dec. 2023 (€-284.6 Mil) to Mar. 2024 (€-238.4 Mil).

LendingClub's annual Allowance For Loans And Lease Losses declined from Dec. 2021 (€-127.8 Mil) to Dec. 2022 (€-309.5 Mil) but then increased from Dec. 2022 (€-309.5 Mil) to Dec. 2023 (€-284.6 Mil).


LendingClub Allowance For Loans And Lease Losses Historical Data

The historical data trend for LendingClub's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LendingClub Allowance For Loans And Lease Losses Chart

LendingClub Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -127.78 -309.49 -284.63

LendingClub Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Allowance For Loans And Lease Losses Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -325.83 -327.82 -328.41 -284.63 -238.42

LendingClub Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.


LendingClub Allowance For Loans And Lease Losses Related Terms

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LendingClub (FRA:8LCA) Business Description

Industry
Traded in Other Exchanges
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

LendingClub (FRA:8LCA) Headlines

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