Recoveries jump past 60,000 mark

Stats & Data

Bondora recovery numbers continue to grow, making an impressive jump from 0.7% growth in May to a 3.8% increase in June. This is the fifth consecutive month that recoveries are increasing.

60,028 missed payments were recovered over the month, surpassing the 60,000 mark just four months after hitting 50,000. All the categories saw modest growth, with Bailiff retrievals taking the lead with 5.9%. Estonia and Spain traded places again, with the Baltic state taking the lead with 5.1%—almost doubling last month’s recovery rate.

Recovery perf count of loans - June 2020

Cash recoveries make impressive headway

The cash recovery growth rate nearly tripled on the month – impressing with an 8.6% increase from May’s 3.3%. The Default & Court stage remains the stage with the largest increase—up 12.9%. It accounts for 27.8% of the cash flow. After Slovakia’s skyrocketing increase in May (143.1%) it neutralizes again with a 76.9% decrease. €572,272 was recovered across all the countries, with Estonia (€271,225) and Finland (€194,832) having the largest recovered sums.

Recovery perf cash flow June 2020

Yearly recovery rate

The yearly recovery rates showed a strong rebound in April, but have since reverted slightly. Although still small in comparison to the drops we saw in March, the yearly recovery rate for 2020 showed the biggest decrease—dropping with 1.7% to 45.9%. Recoveries for 2017 showed the slightest dip, with 0.4%. 2019’s rates remain the highest, boasting 52%. The seven-year cumulative recovery rate sits comfortably at 41.76%.

Recovery Rate year June 2020

Estonia stands out in recoveries

In June we saw an overall slight decrease in figures, with the exception of 2020 Estonian recoveries, surging from 25.2% in May, to 30.8% in June. These slight decreases are very natural fluctuations compared to April’s; creating a sense of optimism for the rest of the quarter.

Recovery Rate year country June 2020

2020 recoveries are showing strength

Hitting the 60,000 mark in recovered payments is a welcome milestone during a challenging quarter. Recoveries show modest growth in all the categories—contributing to the overall increase for the fifth month in a row.

Bondora continues to prove to investors that it can recover missed payments from borrowers and maintain solid investor returns.

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.