Bondora Recoveries Stabilize Just Below €1 Million

Collection & Recovery

After a booming September, where Bondora recovered more than €2.3 million in missed payments, these figures subsided in October. A total of €977,354 was recovered. Still, even as the total cash recovered dropped back down to earth, the number of recoveries grew over the month.

Bondora recoveries stabilize just below €1 million.
Bondora recoveries stabilize just below €1 million.

A total of 70,876 missed payments were recovered in October, accounting for a slight 0.5% month-over-month increase. Bailiff recoveries still led the charge, up 1.5% on the month, accounting for 46.2% of all Bondora recoveries. Almost the exact number of missed payments were recovered in Spain and Finland, while Estonian missed payment recoveries rose by 1.4%.

Recoveries by the count of loans – October 2021
Recoveries by the count of loans – October 2021

Cash recoveries

Unlike missed payment recoveries, the amount of cash recovered fell drastically this month down to €977,354—a 58.3% decline. Yet, this is to be expected as the amount of cash recovered in September seems to be an outlier compared to previous months in 2021. In October, Spanish recoveries went against the grain and totaled €92,368—a 1.2% increase.

An unsustainable €33.26 average missed payment recovery in September fell back in line with previous months at €13.79.

Recoveries by cash flow – October 2021
Recoveries by cash flow – October 2021

Yearly recovery rate

At 82.7%, the total return rate for 2021 is still holding well above historical numbers. Meanwhile, 2014 and 2015 recovery rates grew by 0.1% and 0.3%, respectively. All told, the cumulative return rate for 2014-2021 came in at 47.1%—a 0.7% decline.

Recovery rate – October 2021
Recovery rate – October 2021

Recoveries by country

Recoveries for 2021 Estonian originations remain the outlier with a 145.3% recovery rate. At 21.5%, Finnish recoveries for 2021 were in-line with September. Finnish recoveries also fared well for 2020 missed payments, with the return rate growing from 27.1% to 28.0%.

Recovery rate by country – October 2021
Recovery rate by country – October 2021

Recoveries reverse to back to the norm

After what appeared to be an outlier month of more than €2.3 million in cash recovered, Bondora missed payment recoveries came in at numbers that more closely resemble historical figures. An average missed payment of €13.79 and a cumulative return rate of 47.1% for 2014-2021 are figures that should feel more familiar to Bondora investors in 2021.

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.


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