Welcome to the monthly origination post for February, here we go in to detail about the distribution of investments that were made and some interesting stats per country of origin. If you missed January’s post, you can check it out here. The total amount invested through the platform in February was €3,151,515, an 11% reduction since January. At the time of writing, Bondora now has 34,256 investors.

Loan Origination by Country

While the distribution of investments by country were similar to the previous months, there were some slight changes again. Estonia still has the highest share of investments at 60.68%, although this has decreased from 63.5% in January and 65.29% in December. In comparison, the share has increased month-on-month in Finland from 25.23% in December, to 28.40% in January and 31.06% in February.

Over the same 3 month period, the share in Spain has only fluctuated by a total of 1.39% and now stands at 8.27% for February. While the average interest rates have only increased by 0.38% in Estonia since December, the figure in Finland has increased by 3.63%, which could provide a possible rational for investors placing more of their funds into Finnish loans.

origination-share-country-february-2018-en

Share by rating, country and amount

The table below contains the weighted average interest rate, total amount and share per country of origination and rating. Here are some key takeaway’s we can see:

  • Loans graded with a ‘C’ rating account for the highest share of investments at 19.07% of the total, closely followed by ‘D’ rated loans at 18.71%.
  • ‘HR’ rated loans had the lowest number originated at 2.30% of the total share, slightly higher is AA rated loans at 2.55%.
  • Finnish ‘F’ rated loans account for the highest share in the country’s total originations at 46.52%, an increase of 10.81% since January.
  • Across the same credit ratings, the average interest rate is the lowest in Estonia in all cases.
  • The lowest average interest rate across all countries was seen in ‘AA’ rated loans in Estonia 10.18%.
  • 91.7% of the total share in Spain consists of F and HR rated loans, this figure stood at 78.3% in the previous month.

origination-share-country-rating-february-2018-en

What conclusions can you draw from this data? We would love to hear them, leave us a comment below and let us know.