** Shares of Chinese fintech Jiayin Group fall as much as 10.9%; last down 10% at $5.66
** JFIN posts Q2 net income of 238.3 mln yuan ($33.5 mln), a 27% drop compared to last year
** Q2 facilitation and servicing expenses soared 70.9% to 608.2 mln yuan, driven mainly by higher guarantee costs
** Q2 net revenue jumped 15.5% to 1.48 bln yuan, helped by growth in loan balances for which the company provided guarantee services
** As of last close, JFIN shares up 20.1% YTD
($1 = 7.1244 Chinese yuan renminbi)
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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