Welcome to the monthly origination post for the data collected in September 2018. Here, we go into detail about the distribution of P2P lending investments made and some interesting stats per country of origin. If you missed last month’s post, you can check it out here. The total amount originated on the platform in September 2018 was €5,527,855, +4.7% (+€245,820) compared with the previous month. At the time of writing, Bondora has 41,299 investors and €150M of investments through the platform.

Loan Origination by country

While the distribution of investments by country were similar to the previous months, there were some changes again. Estonia still has the highest share of investments at 69.5%, an increase of 1% since the previous month. In comparison, the share in Finland decreased to 28%, approximately 8% lower compared to July.

In Spain, we are now seeing a lower share than last month at 2.6% of the total, or €141,880. Along with the decrease in the share, the average interest rate decreased to 55.6% and increased in Estonia (27.5%) and Finland (47.8%).

Monthly loan origination by country - September 2018

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:

  • P2P loans graded with a ‘D’ rating account for the highest share of investments at 26.6% of the total, closely followed by ‘F’ rated loans at 25%.
  • The share of HR rated loans originated increased slightly compared to the previous month, standing at 1.6% (€90,070).
  • Finnish ‘F’ rated P2P loans account for the highest share in the country’s total originations at 77.5%, approximately 19% higher than the previous month
  • Across lower risk A, B & C rated loans, the average interest rate is the lowest in Finland.
  • The highest average interest rate is HR rated loans in Spain at 70.23%
  • 96.4% of the total share in Spain consists of F and HR rated loans, approximately 2% higher than last month.

Monthly loan origination summary by rating - September 2018