Welcome to the monthly origination post for March 2018, 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 February’s post, you can check it out here. The total amount invested in the platform in March was €3,133,458, a reduction of 0.5% since the previous month. At the time of writing, Bondora now has 34,902 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 66.40%, an increase of nearly 6% since the previous months and higher than the share seen in December and January. In comparison, the share in Finland has decreased for the first time since December to 27.16%, compared to 31.06% in February.
In Spain, we are now seeing the lowest share of investments this year at 6.44% of the total, or €201,657. While the share decreased, the average interest rate in Spain increase by approximately 1.5% whereas the figures decreased slightly in Finland and remained relatively static in Estonia.
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 ‘D’ rating account for the highest share of investments at 20.45% of the total, closely followed by ‘C’ rated loans at 19.81%.
- ‘HR’ rated loans had the lowest number originated at 2.18% of the total share (a further decrease since last month), slightly higher is AA rated loans at 2.79%.
- Finnish ‘F’ rated loans account for the highest share in the country’s total originations at 43.03%, approximately 3% less than the previous month
- Across the same credit ratings, the average interest rate is the lowest in Estonia in all cases other than AA & B rated loans in Finland
- The lowest average interest rate across all countries was seen in ‘AA’ rated loans in Finland at 9.08%.
- 95.61% of the total share in Spain consists of F and HR rated loans, an increase of nearly 4% since February and considerably more compared to the previous months.
What conclusions can you draw from this data? We would love to hear them, leave us a comment below and let us know.