On August 5, 2020, “Mik Holding” JSC, a Tier 1 listed company, presented its semi-annual financial and operational report to public. During the reporting period:

• Total assets of company rose by 1.0% compared to the same period of 2019. Net profit declined due to the effects of the Covid pandemic.

• It issued asset backed securities by purchasing mortgage loans of 2975 borrowers through its ‘Mik Assests 22 SPV’ LLC and ‘Mik Assets 23 SPV’ LLC. As a result, the company’s total loan portfolio and total assets increased by 0.7% and 1.0% respectively. The Company is planning to execute two deals in the last half of this year.

• Total owners’ equity, total loan portfolio and the newly issued ‘Oelun’ bonds represent 6.1%, 85.8% and 19.2% of total assets, respectively. 

 Please click here for the full report of the Company.

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