September was a good month for loan originations. Bondora originated just over 2.6 million EUR in loans during the month. Below is the breakdown of originations by country and rating for the period of September 2016.

Loan origination by country

At 58% of all September originations, Estonia is still the biggest source for loan originations. From Spain, originations amounted to 26% and the remaining 15% comes from Finland.

Share by country – September 2016
CountryInterestAmountShare
ESTONIA25,77%153439558,41%
SPAIN58,74%69113026,31%
FINLAND34,46%40133515,28%

Loan origination by grade

Thanks to Spain, our largest origination source across all countries was from HR rating at 25.87%, followed by D rating loans at 18.76%. However, ratings C, E and F are in the tight range of 13.83% to 15.30% of total originations for September.

In Spain, our largest originations, by far, came from the HR grade at 568,515 EUR. It’s a 21% share of all loans. In Estonia, 2/3 of all loans originated were from the C,D and E loan grades (66%). The most popular loan grade in Finland was the D grade where originations amounted to 121,255 EUR.

Share by country and grade – September 2016
Monthly origination summary – September 2016 EstoniaESTONIAMonthly origination summary – September 2016 SpainSPAINMonthly origination summary – September 2016 FinlandFINLAND
BRInterestAmountShareInterestAmountShareInterestAmountShare
AA10,42%143350,93%
A12,59%599053,90%
B16,03%23979015,63%
C21,11%33264021,68%22,08%4282510,67%
D26,03%37148524,21%27,37%12125530,21%
E32,02%30401519,81%35,99%69001,00%33,64%9086522,64%
F37,57%1501609,79%43,16%11571516,74%40,14%9742024,27%
HR48,25%620654,04%63,40%56851582,26%54,18%4897012,20%

Overall, we had an excellent month of loan volume spread across all countries and grades.

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