After increasing in July by 18.7%, investment and loan origination figures decreased last month. Investments totaled €14,382,356 and originations €14,405,558 in August. That’s a moderate decline of 6.2% and 6.1%, respectively. Read more:
Investment by product
Investors added €14,382,356 to their Bondora accounts. This equates to a mild drop of 6.2% in investments from the increase we saw in July. There was a drop in all product categories, as can be seen below:
Go & Grow – 6.2%
Portfolio Manager – 5.7%
Portfolio Pro – 6.6%
API – 15.4%
Go & Grow has the largest share of overall funding, making up 96.9% of all investments, €13,937,200. Portfolio Manager remains the 2nd most popular product with €258,847, Portfolio Pro follows with €184,688, and the API trails with €1,621.
After rebounding in July, loan originations also declined in August, dropping by a modest 6.1% to €14,405,558. This decrease was mirrored across all three countries. The average interest rate increased from 21.6% to 22.3%—reverting to the same percentage as in June.
In July, Spain had the most noticeable growth, but in August, it also had the most significant decrease, dropping by 25.5% to € 471,777’s worth of originated loans. It is the market that is most prone to significant changes.
The 2nd largest decline came from Finland, dropping by 7.0%. Finland also still has the majority of originations, 57.5%, which equals € 8,285,382’s worth of loans.
Estonia declined by just 2.5%, accounting for a 39.2% share totaling € 5,648,399’s loans.
The average Spanish interest rate remained the same. But Estonia’s average interest rate jumped from 23.9% to 26.2%. In Finland, it decreased from 20.0% to 19.6%.
Once again, C-rated loans are the most populated risk-rating category in all our markets. Estonia’s C-rated share greatly increased from 14.9% to 24.9%. It also increased impressively in Finland—43.2% to 51.7%. Because we only originate C-rated loans in Spain, this rating category is identical to the Spanish market’s performance. It makes up a total of 3.3% of the entire loan portfolio.
It seems that in Finland, the growth of C-rated loans meant the decline of D-rated loans, dropping significantly from 12.0% to 3.1%. In Estonia, the 2nd biggest change was in the B-rated category, dropping from 11.7% to 2.5%.
Investments and originations drop mid Q3
Q3 got off to a good start, but in the 2nd month, origination and investment figures started to decline moderately, albeit still totaling over €14M, respectively. We will see if it picks up again in September.
Want to see more detailed information? Head to our public statistics page for the most up-to-date stats!