52pc of P2P investors have kept same volume of savings during pandemic

Just over half of peer-to-peer investors have kept the same level of savings since the start of the pandemic, European P2P platform Robo.cash has found.

Meanwhile, 17 per cent of investors have reduced their savings, 24.8 per cent have increased their savings by more than 50 per cent and 1.6 per cent have seen their savings rise by more than 100 per cent.

“Investors continue adapting to the current economic situation that is globally affected by the Covid-19 outbreak,” said Robo.cash. “A recent poll shows that the uncertainties in the markets haven’t significantly influenced P2P investors’ attitude towards their savings.”

Read more: Half of P2P investors check platform business model before lending

In March, Robo.cash found that P2P investors have a similar attitude to the management of savings and investments.

The Croatian-based lender revealed that three quarters of European P2P investors have not altered their portfolios due to Covid-19.

“It means that in both cases, the respondents continue thinking long-term rather than in frames of a few weeks and months,” Robo.cash said.

“Understanding that the more they can leave saved and invested, the more they will benefit when markets recover, most investors prefer not to hurry dumping their funds.”

Read more: Most Robo.cash investors see P2P loans as most profitable asset