Bondora secondary market transactions pulled back from previous highs in February, totaling €838,166 on the month, down 12.1% compared to last month. Declines were consistent across all secondary market categories, with API transactions falling the most, down by 16.7% to €191,945.
A drop of 11.2% in current loan transactions was similar to the 12.1% overall decrease in transactions on the secondary market. Of all current loan transactions, 72.1% were made at part value, compared to 70.0% last month.
There was a total of €29,046 in overdue loan transactions in February, down 26.4% from January. API transactions were down by almost half, while manual transactions fell to €26,795.
Defaulted loan transactions continued to outpace overdue transactions on the secondary market. There was a total of €57,388 in defaulted transactions on the month, down from €67,840 a month ago. Contrary to the decline in all secondary market transaction categories, API transactions actually rose by 6.7% to €3,307.
Secondary market leveling-off
The Bondora secondary market leveled-off in February after several months of steady increases. Current loans continue to maintain the vast majority of secondary market transactions, with 89.7% of all transactions on the market.
Always remember, investors should not seek higher returns from buying and selling loans on the Bondora secondary market.
*As with any investment, your capital is at risk and the investments are not guaranteed. The yield is up to 6.75% p.a. Before deciding to invest, please review our risk statement or consult with a financial advisor if necessary.