There was a recent discussion on the profitability of investments on Bondora; thus, we have decided to provide a detailed breakdown of the interest amounts paid out to Investors across all our markets. The information is covering the period since the inception of the company to September 24, 2015, and includes **a) loan origination amount**, **b) interest paid out to investors** to date; **c) overdue principal repayment amount **(principal repayment that was supposed to be paid out to date, but was not), and **d) gross profit made by Investors** (which is the difference between the interest paid out and the overdue principal).

The numbers in the tables below should allow investors calculating a non-forward looking profitability as of September 24, 2015. Non-forward looking means that the data does not include **a) upcoming interest payments for the duration of the loans**; and** b) upcoming principal repayments that might not be collected**. The non-forward looking principle is used in calculating XIRR (thus, only the actual payments to date are accounted for), which is the most widely used return measure for credit investments.

### All Markets

Rating | Issued Amount,€ | Interest Paid Out,€ | Overdue Principal REPAYMENTS,€ | Gross Profit,€ |

AA | 490,750 | 83,458 | 2,351 | 81,107 |

A | 1,929,035 | 371,137 | 10,264 | 360,872 |

B | 4,688,943 | 839,467 | 60,997 | 778,469 |

C | 7,489,647 | 1,373,845 | 78,001 | 1,295,844 |

D | 8,190,484 | 14,03,478 | 147,633 | 1,255,844 |

E | 5,744,778 | 817,636 | 148,558 | 669,077 |

F | 3,878,011 | 661,298 | 143,532 | 517,766 |

HR | 9,939,252 | 1,734,014 | 867,839 | 866,175 |

Unrated | 1,747,391 | 472,606 | 164,429 | 308,176 |

TOTAL | 44,098,291 | 7,756,939 | 1,623,604 | 6,133,330 |

### Estonia

Rating | Issued Amount,€ | Interest Paid Out,€ | Overdue Principal REPAYMENTS,€ | Gross Profit,€ |

AA | 490,750 | 83,458 | 2,351 | 81,107 |

A | 1,929,035 | 371,137 | 10,264 | 360,872 |

B | 3,675,550 | 710,849 | 48,362 | 662,486 |

C | 5,780,274 | 1,173,449 | 50,548 | 1,122,901 |

D | 4,240,723 | 992,971 | 80,901 | 912,069 |

E | 1,732,710 | 363,806 | 47,499 | 316,307 |

F | 1,748,155 | 389,472 | 75,340 | 314,132 |

HR | 3,110,040 | 784,996 | 177,368 | 607,628 |

Unrated | 1,705,191 | 466,880 | 160,881 | 305,998 |

TOTAL | 24,412,428 | 5,337,018 | 653,514 | 4,683,500 |

### Finland

Rating | Issued Amount,€ | Interest Paid Out,€ | Overdue Principal REPAYMENTS,€ | Gross Profit,€ |

B | 974,793 | 127,020 | 11,480 | 115,539 |

C | 1,597,933 | 195,083 | 23,513 | 171,569 |

D | 3,692,356 | 397,135 | 54,273 | 342,862 |

E | 2,465,850 | 310,530 | 49,853 | 260,676 |

F | 1,019,842 | 145,360 | 22,253 | 123,107 |

HR | 1,996,165 | 310,610 | 184,832 | 125,777 |

Unrated | 41,200 | 5,592 | 3,548 | 2,043 |

TOTAL | 11,788,139 | 1,491,330 | 349,752 | 1,141,573 |

### Spain

Rating | Issued Amount,€ | Interest Paid Out,€ | Overdue Principal REPAYMENTS,€ | Gross Profit,€ |

B | 38,600 | 1,597 | 1,154 | 443 |

C | 111,440 | 5,312 | 3,939 | 1,372 |

D | 234,890 | 11,085 | 9,845 | 1,240 |

E | 1,500,958 | 138,433 | 47,327 | 91,105 |

F | 927,201 | 103,822 | 30,012 | 73,810 |

HR | 4,328,393 | 594,082 | 444,078 | 150,004 |

Unrated | 1,000 | 133 | 0 | 133 |

TOTAL | 7,142,482 | 854,464 | 536,355 | 318,107 |

### Slovakia

Rating | Issued Amount,€ | Interest Paid Out,€ | Overdue Principal REPAYMENTS,€ | Gross Profit,€ |

D | 22,515 | 2,286 | 2,613 | -327 |

E | 45,260 | 4,865 | 3,877 | 987 |

F | 182,813 | 22,642 | 15,926 | 6,716 |

HR | 504,654 | 44,324 | 61,560 | -17,235 |

TOTAL | 755,242 | 74,117 | 83,976 | -9,859 |

Is it possible to see statistics excluding last 3 month (or better is excluding all records where first_payment_day+90<TODAY)

Hello, Andrej!

You can find the gross profit earned on all loans, excluding the ones issued in the last 120 days, here: https://goo.gl/yr7gM5

You can also see performance of the fully matured loans, as well as the loans issued after we introduced the risk-based pricing.

Hope this helps!

Thank you. This last file, is exactly what you should publich every month to give a overview about current situation. This is exactly what we need. Every month add the change UP or Down for Gross profit “index” and we can give you thumbs UP.

Hello, Mart!

Thank you for the feedback, we’ll try to incorporate it into standard reporting tools.

Hello,

Can I get some more explanation on these data: are these numbers annualized, how it is done? (Want to understand methodology)

Hi!

It seems that you are calculating the interest using a bullet loan payment schedule http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/bullet-loan-2583. We use annuity loan schedule http://www.mathinary.com/annuity_loan.jsp where each payment contains principal and interest – meaning that outstanding principal is reduced with every payment the borrower makes. Hope this answered to your question.

There are many methods by which you can calculate practically anything… You can even suggest your own calculation method to be presented the way you wish…

However after months of looking at skewed stats on Bondora page I’ve turned to my own simple calculation:

21.9.2015

Interest paid out (€) 8 846 889

60+ days overdue loans value (€) 7 994 673

So average investor now sees only about few percent of received interest in surplus than lost principal due to defaults. Once Interest paid out will be lower than 60+ overdue loans value, there will be loss in average investor’s account.

Once I’ve started to track this value in forum, suddenly Bondora presents its own way to calculate this (which is not suprise, I’m OK with that). But together with it they REMOVED stats we based our calculation on…

And now don’t tell me I’m manipulating or hiding something… Yes there are many ways to do this mathematics, I’m not arguing this… but what is strange when someone tries to hide or bend numbers.

Before:

https://web.archive.org/web/20140806013414/https://www.bondora.com/en/invest/statistics/loans

Now:

https://www.bondora.com/en/invest/statistics

No sign of Interest paid out…

Yes it was dangerous stats and it needed to be removed…

https://www.bondora.com/en/invest/statistics

“Returns: Annualized net return on investment**: 18.62%”

Can you please share how this is calculated?

Just like everyone who posted before, I have to say these numbers are so misleading that when posted by a company on their official blog, it can only mean they are ill intended.

It is obvious to everyone that for most investors, the majority of their loans are less than one year old, given the huge increase in loans volume in the last year. Therefore the defaults are mostly recent and have little effect on the returns calculation above.

If they truly thought that the the profitability of Bondora is not an issue, or in other words, that the default rate is not a problem, they would not have shifted the costs of the recovery process to the investor.

I cannot express how disappointed I am that Bondora has so little regard for the investors.

Hello!

We use XIRR and you can find the details on how we calculate it in our Investment Guide: https://www.bondora.ee/en/invest/investment-guide#net-return