Bondora Reports Slower Month for Investments, Originations

After stabilizing in May 2022, investment figures declined “from €15,458,394 to €12,913,190 in June 2022” on the Bondora platform.

And with loan originations, there was “an overall decline of 17.3%.” This was expected, as there “have been slowdowns in origination and investment activity during the height of summer in the past.” The Bondora team also noted that “despite the declines, most of the statistics remained consistent, with slight variations.”

Overall, investing funding “decreased by 16.5%, with the API falling the hardest (-25.0%).” But, despite having the largest declining percentage, it had “the most minor effect on the overall investment portfolio because it makes up less than 1% of the entire portfolio.”

Go & Grow had “the largest effect on the overall funding, making up 96.9% of all investments. Go & Grow investments fell from €15,548,394 to €12,516,355.” Portfolio Manager remains “the 2nd most popular product with €228,825, Portfolio Pro follows with €166,108, and lastly, the API trails with €1,902:”

Product funding figures:

  • Go & Grow – 16.5%
  • Portfolio Manager – 16.5%
  • Portfolio Pro – 17.3%
  • API – 25.0%
  • Investment by product – June 2022

June continues “on the same share distribution as May, with Go & Grow making up the bulk 97%, and the other 3 investment products each making up 1%.” A total of €12,913,190 “was invested.”

With loan originations, there was “an overall decline of 17.3% to €12,913,190.” The average interest rate “decreased by a minimal 0.1%, from 22.4% to 22.3%.”

Here’s a breakdown of all the origination stats:

There was “a decrease in all three markets, but Spain had the largest decline (-56.4%) to €360,784.” This is “the first decline in Spanish originations since relaunching Spain in September 2021.” Bondora also mentioned that they are “hoping to see a rebound in Spanish originations soon.”

The 2nd most significant origination decrease “came from Finland (-19.4%), with €6,306,562.” Estonia had “the most minor decrease, dipping by 9.5% to having €5,709,442 originated.”

Regarding origination shares, Estonia is “catching up with a 44.2% share.” Despite their significant decline, Finland still has “the majority of originations, with a 53.0% share. Spain’s share declined to 2.8%.”

The average interest rate “decreased minimally from 22.4% to 22.3%.” This shows relative stability “across all markets’ interest rates.” The average Spanish interest rate “remains consistent at 21.8%, as does the Finnish with 20.4%.” Estonia was “the only market to have some change, decreasing from 25.2% to 24.7%.”

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