February Stats: Estonian and Spanish Originations Grow

Bondora

For the most part, February had similar figures to January, making for a very stable start to 2022. In a time when life can feel uncertain, we aim to be a constant and stable platform for all our customers. We’re also happy to see solid growth in Estonian and Spanish originations. Take a look:

Estonian and Spanish originations grew in February.
Estonian and Spanish originations grew in February.

In February, 3,858 new investors joined Bondora. We hope to celebrate more than 200,000 investors on Bondora soon! Our total investments have increased to €567M—up more than €14M from January. Investors have also earned more than €64M in returns in total.

February followed in January’s footsteps with a similar figure for loan originations. A total of €14,130,610 was originated in February—which is a very minimal 1.1% drop. For the first time in months, Finnish loans didn’t have a massive increase and instead declined by 15.6%. Their total share dropped from 70.3% to 60%. In contrast, Estonian and Spanish originations increased by 30.5% and 90.7%, respectively.

The Secondary Market entered its 3rd month of decline, as activity fell further from €223,396 in January to €152,547 in February. This is a 31.7% drop. The most significant decline was with Portfolio Manager activity, which declined by 53.7%. As we’ve mentioned previously, this decline in activity signals investors’ preference for Go & Grow’s automated investments rather than the Secondary Market’s manual buying and selling approach.

Our collection and recovery team had set the bar high in January, and numbers took a bit of a dip in February. The number of payments and the cash collected declined by 0.6% and 16%, respectively. A total of 74,786 payments were recovered, and €773,447 cash was recovered. The most cash was recovered from Finland, which came to a total of €426,124.00. This is a 23.9% increase from January. The current 2014-2022 recovery rate stands at an impressive 69.4%.

Investors added a total of €13,938,296 to their Bondora accounts in February. This is a slight decline (1.1%) in product funding, but it’s still a solid number compared to the last couple of months. Again, Go & Grow confirmed its spot as the most popular investment method with the bulk share (92.9%) of investments—the exact same share as in January. Portfolio Pro and the API both increased on the month:

Product funding figures:

Go & Grow                      – 1.1%

Portfolio Manager          – 3.1%

Portfolio Pro                  + 2.7%

API                                  + 9.6%

In summary:

February continued the same modest trend as we saw in January. Even though some figures dropped, these declines tend to be moderate or insignificant. We’re still very confident with our current position and happy to see an increase in Estonian and Spanish originations.

Once again, we’re seeing how tumultuous life can be, and we’re pleased that we can help empower people to build their financial futures on a 100% online and secure platform. By investing in your future wealth and thinking long-term, you can set yourself up for financial success.

If you enjoy these breakdowns, follow our blog for weekly, more in-depth analyses of the Bondora market. Every month we take a detailed look at aspects like:

  • Loan originations
  • Collection and recoveries
  • Product funding
  • Secondary Market

So, stay tuned to better determine your investment strategy, loan portfolio preferences, and more.