Bondora Reports Steady Growth in Investments and Originations

In October, Bondora reveals it “saw favorable increases in investments and originations. Originations exceeded €15M, and investments €14M.”

This puts Bondora on track “for a good Q4 in 2022.” Spanish originations “exceeded 1M once again.”

In contrast to September, investments “for all products increased in October.” All in all, they reportedly “totaled €14,861,329—a noteworthy 21.3% increase.” The specific increases for each product are as follows:

  • Go & Grow + 21.3%
  • Portfolio Manager + 22.1%
  • Portfolio Pro + 19.9%
  • API + 56.1%

Once again, Go & Grow’s figures “had the most significant effect, as it is the most used investment product, making up 96.9% of all investments.”

It received €14,404,915 “in investments.” Portfolio Manager “received €268,185, and Portfolio Pro had €186,207.” The API “made up the remaining €2,022.”

As noted in the update from Bondora, October was “a good month for loan originations, with the overall number rising by 19.9% to €15,065,630.” Every loan market “had increased its originations.”

Finland still “has the largest share of originations, totaling 54.2%, which is €8,159,816 worth of loans.” The team at Bondora pointed out that Estonian market “originated €5,104,143 worth of loans, totaling a 33.9% share.”

The Spanish market also “continues increasing its originations, now taking up a 7.6% share, totaling €1,141,131 worth of loans.” This is “the 2nd month in a row that this market exceeds €1M in originations.”

The update from Bondora also mentioned that the Netherlands loan market, “launched on 23 September, has increased its origination share to 4.4% of the total portfolio, equaling €660,540 worth of loans.”

The average interest rate “decreased from 22.6% to 21.8%.” Like last month, “the average Spanish interest rate remained at 21.8%.” Estonia’s average interest rate “decreased slightly to 27.2%. In Finland, it increased by 0.1% to 19.7%.” The Dutch market average interest rate remained “standing at 7.5%.”

As always, C-rated loans “are the most populated risk-rating category in all our markets. Estonia’s C-rated share decreased from 23.7% to 21.1%.” In contrast, it “increased from 46.2% to 49.1% in Finland.”

Bondora added:

“We only originate C-rated loans in Spain, making up 7.6%, a decline from September’s 8.5% share. Lastly, we have the Netherlands, where only A-rated loans were originated, totaling a 4.4% share.”

They also mentioned that in Estonia, “the D-rated loan category decreased from 13.3% to 11.4%.”

The B-rated category “continued to climb, growing from 0.6% in September to 0.9% in October.” In Finland, “the D-rated category decreased from 2.9% to 2.5%.”

As noted in the update from Bondora:

“October made impressive gains for originations and investments. Especially when considering the declines from September. Investment funding increased by 21.3% to over €14M. And loan originations exceeded €15M. This puts us on track for an excellent end-of-year.”

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