Recoveries in May Break Records and Approach €0.5M

Stats & Data

For the second straight month, Bondora loan recoveries grew. A total of 33,409 recoveries were made in May, up from 30,874 (a gain of 8.2%) the month prior. All recovery categories were higher, with the biggest increase coming in bailiff recoveries, which were up 17.1% to 11,742.

Recovery by count of loans - May 2019

Cash Recoveries Up Significantly 

While total recoveries were up by 8.2% in May, the total amount of money recovered on the month was up significantly more. A total of €486,886 was recovered in May, a 30.8% increase from the €372,152 recovered in April.

Recoveries by amount - May 2019

Yearly Recovery Rate

As the year progresses it would be reasonable to think the recovery rate would drop as there are more missed payments by borrowers. Yet, recoveries were so good in May that the 2019 recovery rate actually increased by 5.0% to 78.92%. As a result, the 5-year recovery rate also increased, up to 49.18% from 48.71% a month prior.

yearly recovery rate - May 2019

2019 Recoveries by Country

Which country was the biggest driver of the increase in Bondora recoveries in May? All of them! Recovery rates across all lending countries were up in May. The biggest increase came in recoveries out of Spain, where the recovery rate jumped from 72.73% to 100.79% – however, this is a much smaller sample size than in other origination countries. In Estonia, the recovery rate came to 53.39% in May.

Recovery rate Year and Country - May 2019

Good News for Recoveries

May was a great month for Bondora recoveries. On average, more money was recovered in May than last month, coming off of a month where less money was recovered than before. The yearly recovery rate increased, which was a result of more recoveries in all of the Bondora lending countries. This brought the 5-year recovery rate up to 49.18%.

You can always view missed payment recoveries and all other Bondora data at any time. Check out our real-time statistics to see not only recovery data on all Bondora missed payments, but loan history, returns data, and more.