Performance of recovery process in Bondora – September 2016

Recovery Rates have been consistent across the board.

KEY TAKEAWAYS

  • Recovery rates in Estonia averaged 36% last month. For the last 3 quarters, Q4 of 2015 and the first 2 quarters of 2016, we are seeing an increase in recovery rates on a monthly and quarterly basis. Quarterly recoveries increase from 53% to 60% to 71%.
  • Recovery rates in Finland average 102% versus 108% last month. Here we have a slight decline from the previous month. The last 3 quarters we have seen declining monthly recoveries although our recovery process is improving. The last 3 quarters saw recoveries of 26%, 34%, and 102% respectively.
  • Recovery rates in Spain average 79% versus 95% last month, a slight decline. Like Finland, we are seeing a slight decline in recoveries over the last 3 quarters. The last 3 quarters in Spain saw recoveries of 43%, 34%, and 79% respectively. We just started using the legal process and litigating for recoveries here. We will be updating with how this process goes.
  • Recovery rates in Slovakia for the loans still outstanding there are improving. Monthly we have an increase from 1% up to 23%. Quarterly recoveries are at 110%, 96% and 23% respectively.

PRINCIPAL RECOVERY RATES ACROSS MARKETS

Below you can see the recovery rates across markets per quarterly cohorts. The cohorts are made of loans that defaulted in that particular quarter. The data in the table is as of 12.09.2016.

Quarter 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2
Estonia 56% 75% 78% 80% 122% 91% 45% 53% 60% 71%
Finland 38% 52% 32% 56% 74% 82% 24% 26% 34% 102%
Spain N/A 19% 13% 19% 34% 28% 34% 43% 34% 79%
Slovakia N/A N/A 5% 11% 32% 17% 61% 110% 96% 23%

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

 

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