Bondora Recoveries Continue on Promising Path

After a record-breaking performance in March, Bondora continued on a steady path of missed payment recoveries in April. While total cash recovered declined from an all-time high, the number of missed payments collected actually increased.

Bondora recoveries continue on a promising path.
Bondora recoveries continue on a promising path.

All told, 69,963 missed payments were recovered in April—up 0.8% from March. All the recovery stages increased, except in-house collections, which decreased by 3.3% to 11,885. The most recoveries still come from Estonia, which accounted for 44.4% of all recoveries, in line with March’s stats. Finland follows at 30.6%, Spain at 24.6%, and Slovakia at 0.3%.

Recoveries by the count of loans – April 2021
Recoveries by the count of loans – April 2021

Cash recoveries

Total cash recovered retreated from its new all-time high of €1,255,538 to €886,627 in April. This is a 29.4% month-over-month decline. The month’s decrease was led by Bailiff recoveries, which fell by 30.3% to €718,379. The average missed payment recovery came to €12.67, which is down from €18.09. This month, one area that performed well was Default and court recoveries in Estonia, which were up 6.7% from March.

Recoveries by cash flow – April 2021
Recoveries by cash flow – April 2021

Yearly recovery rate

As expected, the astronomical 2021 recovery rate is beginning to normalize downward, coming in at 69.1% compared to 87.6% in March. The cumulative yearly return rate from 2014-2021 fell as well, down to 44.3%. Interestingly, return rates for the earliest years were all higher:

  • 2014: 50.5%, up 0.3%
  • 2015: 44.0%, up 0.3%
  • 2016: 36.4%, up 0.2%
Yearly recovery rate – April 2021
Yearly recovery rate – April 2021

Recoveries by country

The 2021 recovery rate for both Spain (133.4%) and Estonia (78.3%) remains high compared to historical numbers. We can expect these rates to normalize in the coming months. But even as these numbers settle downward, several 2020 stats were higher. The Estonian recovery rate hit 65.0%, up from 63.5%, and the Finnish recovery rate grew slightly, up to 21.0% from 20.8%.

Recovery rate by country – April 2021
Recovery rate by country – April 2021

Solid recovery numbers

Although Bondora did not have another record-breaking month for recoveries, it doesn’t mean that collection and recovery numbers weren’t solid. In fact, there was still a 0.8% increase in the total number of missed payments recovered, even as total cash recoveries retreated below their record high. At the same time, yearly recovery rates from 2014-2016 all increased, aiding in this month’s solid recovery performance.

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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