Performance of recovery process – November 2016

Let’s have a look at the monthly results for loan recoveries at Bondora.

KEY TAKEAWAYS

  • Estonia experienced a small increase in recoveries reaching 69% compared to 67% last month. This marks a continued upward trend which started in Q3 of 2015.
  • Finland saw a modest decline in recoveries hitting 72% compared to 83% seen last month. However, the performance for the month is the second highest for the country in the last three consecutive quarters.
  • Many of the figures say more about the strength of recoveries in September rather than weakness in October. Spain also dipped with 118% compared to 133%. Slovakia, while still very strong reached 429% compared to 548% last month.
  • All countries showed a significant increase in recoveries compared to the previous quarter totals for 2016.

PRINCIPAL RECOVERY RATES ACROSS MARKETS

Recoveries in each country for the month represent, at minimum, 2/3 value of the principal. Investors in Spain and Slovakia have experienced greater than 100% principal recovery for two consecutive months. Our increasingly robust litigation efforts in Spain are showing results as the 118% recovery is a dramatic improvement over just 30% for the same quarter in 2015. The data in the table below is as of 08.11.2016.

Quarter 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2
Estonia 55% 72% 76% 80% 116% 84% 48% 50% 63% 69%
Finland 37% 58% 32% 56% 74% 75% 21% 23% 34% 72%
Spain N/A 19% 13% 19% 35% 30% 35% 42% 31% 118%
Slovakia N/A N/A 5% 11% 31% 16% 59% 85% 88% 429%

You can find additional related information about the recovery process from these articles:

 

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