Bondora Reports Increase in Investments, Originations

After having a slow month in June, investment and loan origination figures “rebounded and increased steadily by 18.7%,” according to an update from Bondora.

This brought both totals to “a solid €15,333,326 in July.” This is encouraging to see at the start of Q3, the team at Bondora wrote in a blog post.

Investment funding “increased by 18.7%, from €12,913,190 in June to €15,333,326 in July.” Interestingly, the largest percentage of growth “came from Portfolio Manager, Portfolio Pro, and then Go & Grow:”

Product funding figures:

  • Portfolio Manager + 20.0%
  • Portfolio Pro + 19.0%
  • Go & Grow + 18.7%
  • API + 0.8%

But this growth does “not reflect the percentage shares of each investment product.” Go & Grow had “the largest share of overall funding, making up 96.9% of all investments (€14,859,190).” Portfolio Manager remains the 2nd most popular product “with €274,585, Portfolio Pro follows with €197,634, and the API trails with €1,917.”

The update from Bondora further noted that July “continues on the same share distribution as June, with Go & Grow making up the bulk 97%, and the other 3 investment products each making up 1%. A total of €15,333,326 was invested.”

After weakening in June, loan originations “grew strongly in July, rebounding by 18.7% to €15,333,326.” Bondora further revealed that the average interest rate “dropped from 22.3% to 21.6%.”

All three markets increased, “with Spain having the most noticeable growth, increasing by 75.6% to € 633,459’s worth of originated loans.” Bondora added that they’re pleased “to see this rebound in the Spanish market.” Spain’s share ‘increased to 4.1%.”

Finland’s growth rate was “the 2nd largest, with an increase of 30.2%.” Finland still “has the most originations (58.1% share), totaling €8,906,144.”

Estonia’s origination growth rate “was the lowest, increasing by 1.5% to €5,793,723 in July.” However, it has “the 2nd largest share of originations (37.8%).”

The average interest rate “dropped from 22.3% to 21.6%, which showed slightly more fluctuation than last month’s 0.1% change.” The average Spanish interest rate “remained the same. But this month, Estonia and Finland both showed decreases.”

The report added that C-rated loans “remain the most prominent risk-rating in all our other loan markets.” Estonia’s C-rated share “decreased from 17.4% to 14.9%. In Finland, it increased from 42.4% to 43.2%.” Because they only originate C-rated loans in Spain, “this rating category is identical to the Spanish market’s performance.” It did “show promising growth from June, and we hope it continues to scale.”

This month, D-rated loans in Finland “continue to increase significantly, from 7.0% to 12.0%.” In Estonia, the biggest change “was noted in the E-rated category, which dropped from a 3.1% share to 0.6%.”

Once again, Bondora saw “an increase in the average loan amount across all three markets.” In Spain, it “increased by 4.4%, in Estonia by 7.6%, and in Finland by 11.3%.”

And as usual, Finland also “has the highest loan amount of €3,541.” This month, Spain reportedly “took 2nd place from Estonia with €3,030.” And Estonia now “has the lowest average loan amount with €2,919.”

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