Another Smooth Month for Recoveries

Collection & Recovery

November was a slower month for recoveries, but a smooth month, nonetheless. A total of €872,189 was recovered from missed payments. The number of payments collected came to 72,418, a 2.2% increase from October.

Another smooth month for recoveries
Another smooth month for recoveries

Once again, the Bailiff phase makes up the bulk of all recoveries, accounting for 33,157 recoveries, which is a 45.8% share. Recoveries in all countries grew, but Estonia still has the highest recovery rate, with 32,397 recoveries.

Recoveries by the count of loans – November 2021
Recoveries by the count of loans – November 2021 (Click to enlarge)

Cash recoveries

The total amount of cash recovered is €872,189. As we’ve seen previously, the increased number of loan payments recovered does not necessarily correlate with the amount of cash recovered. Even though the count of loans increased, the cash flow recovery went in the opposite direction and decreased by 10.8%.

Even though Estonia has the highest number of loan payments recovered, Finland has the highest amount of cash recovered, taking up a 45.6% share. Estonia comes in 2nd with 43.6%, and Spain makes up the remaining 10.7%.

The Bailiff phase is also the stage that recovers the most cash, 80.8% to be exact.

Recoveries by cash flow – November 2021
Recoveries by cash flow – November 2021 (Click to enlarge)

Yearly recovery rate

As we are nearing the end of the year, it’s pleasing to see our recovery rate remains so high. The 2021 return rate is now 79.2%—3.5% lower than last month. The return rates for 2014, 2015, and 2016 all increased slightly. The cumulative return rate for 2014-2021 is 46.5%—a 0.5% decline.

Recovery rate – November 2021
Recovery rate – November 2021

Recoveries by country

When it comes to recoveries for 2021, Estonia remains the outlier. This month, it has a 134.0% recovery rate. Finnish recoveries come in with 23.9%—slightly higher than in October. Finnish recoveries for 2020 also continue to grow, from 28.0% to 28.9%. Spanish return rates for 2021 fell slightly from 65.8% to 63.7%

Recovery rate by country – November 2021
Recovery rate by country – November 2021

Recoveries reverse to back to the norm

November was another stable month for Bondora’s recovery and collection efforts. After the massive €2.3 million cash recovery in September, we’re happy to have another month of steady figures. Missed payment and cash recoveries closely resembled last month’s. Overall, the high recovery rate for 2021 will mean good things for years to come.

You can always view missed payment recoveries and all other Bondora data at any time. Check out our real-time statistics to see not only recovery data on all Bondora missed payments, but loan history, returns data, and more.