Recovered payments on Bondora once again rose, this time surpassing the 50,000 mark. All told, 51,839 missed payments were recovered in February, a monthly growth of 5.6% over January. Recoveries were up across all origination countries and categories. The most notable increase came from Estonian recoveries which were 6.2% higher on the month. Bailiff recoveries were up by a similar amount, higher by 6.3% on the month.
Cash Recoveries
The amount of cash recovered in February increased, but at a slower rate than the increase in total recoveries, higher by 2.7% to €550,130. Spanish cash recoveries increased the most, up by 21.8% to €97,270. On the flipside, both Estonian and Finnish cash recoveries were lower on the month.
Yearly Recovery Rate
There was a slight drop in the seven-year cumulative recovery rate, which came in at 47.2% this month compared to 48.0% one month ago. Rates across the past several years dropped by about 1% each, except the recovery rate for 2020 which came in more than 3% lower, down to 74.3% on the month.
Recoveries by Country
The already astronomically high recovery rate for Spanish recoveries in 2020 increased even further, up to 199.4%. Meanwhile, the Estonian recovery rate for 2019 actually increased slightly, up to 56.7%.
Recovered payments and cash higher in Feb
Bondora continues to recover more missed payments and cash than in previous months. Recovered payments surpassed 50,000 on the month, as Bondora continues to show its ability to recover more payments for investors.
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.
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