15% growth in recoveries in December

It was another month of increased recoveries for Bondora. Total recoveries came in at 47,160 in December, up by 6.3% compared to November. Recoveries in each stage and across all countries were higher, with no category bucking the trend. The most significant increase was default and court recoveries, which were higher by 9.4%.

Recoveries by count of loans - Bondora December 2019

Cash recoveries turnaround

Unlike last month, cash recoveries increased along with the total number of payments recovered, bringing the average payment recovery higher. In December, €490,352 in total was recovered, marking a 15.0% increase from last month. This brought the average missed payment recovered up to €10.40 from €9.61 in November.

Recoveries by cash flow - Bondora December 2019

Yearly Recovery Rate

The year ended with the 2019 recovery rate at 56.4%. The recovery rate for 2017 stands at 32.7%. The cumulative recovery rate also fell by less than 1% to 43.0% to end the year.

Recovery rate - Bondora December 2019

Recoveries by Country

The Estonian recovery rate for 2019 rose by about 1% to 56.9%. Meanwhile, the recovery rate in Finland decreased to 52.6% from 60.0% last month. All recovery rates for the previous three years were lower by about 1% or less.

Recovery rate by country - Bondora December 2019

Cash and recoveries ride higher

Recoveries grew for the third straight month, this time bringing with them more cash recovered. The average payment recovery grew back above €10, and recovery rates, while lower, did not take any unexpected decline.

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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