May was another month of growth for Bondora recoveries. While the cumulative cashflow dropped slightly, the total number of recoveries increased compared to April.
All told, there were 70,729 missed payment recoveries by Bondora in May. This is a slight 1.1% increase from April. Bailiff recoveries continue to drive Bondora recoveries, up 1.6% from last month and accounting for 44.3% of all missed payment recoveries. Default & Court recoveries were the only category to see a decrease in recoveries on the month, falling a negligible number to a total of 21,152.
Cash recoveries
The amount of cash recovered in May was down slightly compared to last April, but it’s still in line with other figures we’ve seen in recent months. The €813,591 recovered by Bondora over the month is an 8.2% decline from April. This brought the average missed payment recovery down from €12.7 in April to €11.5 in May.
For one, Rare Cases’ cash recovered increased astronomically, growing by 93.7%. The biggest decline in cashflow recoveries was in the Default & Court category, waning by 18.8%. At the same time, the decline in cash recoveries occurred for all originating countries, except Slovakia. This growth is also directly tied to the growth of the rare cases category.
- Estonia: -11.6%
- Spain: -14.8%
- Finland: -0.7%
- Slovakia: +39.3%
Yearly recovery rate
The recovery rate for 2021 continues to normalize downward, coming in at 66.1% this month from 69.1% in April. The cumulative recovery rate was 0.3% lower, coming in at 44.0%. Two yearly recovery rates increased: 2020 recoveries (43.6%) and 2016 recoveries (36.6%).
Recoveries by country
The Spanish recovery rate, while lower for 2021, remains exceptionally high at 121.6%. Meanwhile, the 2021 recovery rate for Estonian originations was slightly higher this month, up to 78.8%. And the Finnish recovery rate for 2020 was higher, up by 0.7% to 21.7%.
Recoveries up, but cashflow down
While we recovered more missed payments in May than the previous month, the total cash recovered fell by 8.2%. Even though this isn’t a major decrease in cash recovered, it would be exciting to note what will happen in the coming months.
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.