Bondora reveals that November showed signs of slightly less activity for loan originations.
Bondora noted that Finland remains “the most robust loan market, with over €10M in loan originations in November alone.” Due to strategic risk policy changes, “the Spanish market is also temporarily closed to existing customers.”
Cash recoveries increased by 3.3%, totaling €1.7M.”
As stated in a blog post by Bondora, in November, investors earned “over €2M in returns, and the total product investment amount increased to €899M.”
Bondora also mentioned that loan originations declined “by 8.8% in November, undoing the increase of the month prior.”
This totaled €14,312,404, “compared to €15,696,033 in October.”
Despite the decline, Estonia showed “strong growth, increasing by 11.1% to a total of €2,497,805.”
Bondora added that the Finnish market’s loan originations “dipped by 10.3%, totaling €10,889,935.”
Despite the decline, the significant amount is “still a testament to how many Finnish customers choose Bondora as their trusted loan partner.”
In The Netherlands, “a total of €924,664 in loans originated, a 26.7% decline from October.”
As mentioned last month, in mid-October, Bondora also “closed loan originations to existing customers in the Spanish market. It remains a temporary measure, and we will continue further research and analysis.”
They do this to ensure “the best possible quality for our loan portfolio, which means a better investment experience for you.”
Thus, there were “no loan originations made in Spain in November.”
Finnish loans have the majority share, “with a dominant 76.1% share. Estonia increased its hold on the second-largest share, with 17.5%. The Netherlands follows in third place with 6.5%. Spain, naturally, had 0.0% in November.”
The average loan interest rate “grew from 19.0% to 19.3%.”
After increasing in October, investment product funding “decreased slightly by 8.8%. This brought the total funding into investment products to €14,312,404.”
€14,263,030 was funded “to Go & Grow and €49,344 was invested using the API.”
That’s an 8.9% decrease rate “for Go & Grow and a 12.7% increase for API investments.”
Secondary Market
Bondora also pointed out that November “didn’t follow the up-down trend that’s been the norm since May. After increasing in October, the total value of transactions increased again in November. Transactions totaled €149,180, growing a whopping 40.8% from October.”
This is the highest transaction amount “since January 2023. This growth was mainly influenced by the increase in manual transactions, which grew 61.9% and totaled €113,101. The API remained virtually the same, decreasing by 0.1%, totaling €36,079.”
At a 75.8% share, manual transactions “continue to have the most significant share. The API has a 24.2% share.”
Collection and Recovery
In November, we recovered €1,734,386 across Bondora’s loan markets. This is “a 3.3% increase from October.”
Once again, Estonia was “the market with the highest cash collection, with €923,553 recovered. In Spain, we recovered €93,222. Finnish cash recoveries totaled €712,419. In the Dutch market, we recovered €5,192.”
Bondora also noted that these are “the only two markets where our recoveries increased from October.”
