Investment Platform Bondora Reports Originations Surpassing €19M, Investments Exceed €20M

2023’s figures continue to “exceed expectations,” according to an update from investment platform Bondora.

Investments for February via Bondora have “topped €20M for the first time in years, with a total of €20,660,543.”

Increasing by 12.2%, loan originations on Bondora “totaled €19,228,733.” This is the highest origination figure they’ve reportedly “seen since 2019.” Investments and originations “are up from January’s figures.”

Investments rose “by a massive 20.9%, which totaled €20,660,543.” This increase “was uncharacteristic and presumably due to their changes to Portfolio Manager and Portfolio Pro (read more here).”

Go & Grow has “received €18,652,183, increasing from €16,560,635.”

Portfolio Manager reportedly “received €302,822, decreasing from January’s €312,998.”

Portfolio Pro had a solid growth spurt “of €1,694,883, compared to the previous €211,733.”

Similarly, the API’s investment amount surged “to €10,655 from the previous €1,891.”

  • Go & Grow + 12.6%
  • Portfolio Manager – 3.3%
  • Portfolio Pro + 700.5%
  • API + 463.5%

For the first month in what seems like ages, the Bondora team “see a variance in the shares of the different investment products. Go & Grow’s share decreased to 90.3%, and Portfolio Pro increased its share to 8.2%.”

As noted in a blog post, loan originations surged in February, “continuing its growth trajectory from the start of 2023.”

This totals €19,228,733—”the highest origination amount in years.”

The majority of originations “came from Finland, totaling €13,912,625.” The Netherlands and Finland’s figures “increased from January’s stats, while Spain and Estonia’s decreased.”

As mentioned in the update, Finland still “has the largest share of all our loan markets. It increased its origination total by 22.4% to €13,912,625.”

Naturally, this equals “the largest share of originations, which is 72.4%.”

The Netherlands market “performed well in February, increasing by 273.0% to €195,536 in loan originations.” This accounts “for a 1.0% share.”

Bondora are still “doing tests and analyzing the performance, so they don’t expect too much activity yet.”

Estonian originations “totaled €4,197,694, a 7.9% decline from January and a 21.8% total share.”

After rebounding from December’s decrease, loan originations in Spain “declined again in February.”

This time “by 20.8% to a total of €922,878 in originations.” This equals “a 4.8% share.”

As noted in a blog post, the average interest rate “dropped slightly in February, from 19.8% to 19.5%. Once again, the average Spanish interest rate remains at 21.8%.”

Estonia’s average interest rate “decreased to 18.8%. And in Finland, it declined by 0.1% to 19.7%. The Dutch market average interest rate increased to 9.2%.”

The trend of most popular risk ratings that “emerged in January continues in February. C-rated loans are the most populated risk-rating category overall, but not in each market.”

Estonia’s C-rated share “decreased again in February, from 9.9% to 6.2%. But unlike January, D-rated loans decreased their share (from 8.5% to 4.8%).”

E-rated loans “grew slightly, while F-rated loans decreased from 2.1% to 0.9%. B-rated loans had the largest increase, growing from 1.9% to 5.2%. HR loans are now also added, albeit with just a 0.01% share.”

In Finland, C-rated loans “decreased from 51.3% to 31.5%. On the other hand, its B- and D-rated categories increased. AA-, A-, E-, and F-rated loans were also added to the Finnish loan portfolio.”

In Spain, D-rated loans “still have the largest category, despite declining from 6.0% to 4.2%. C-rated loans only make up 0.6%.”

In the Netherlands, they now “only originate A-rated loans, taking a 1.0% total share.”

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