Bondora Recovers Almost €1M in Debt

It was yet another month of growth for Bondora recoveries. The amount of cash recovered came in just under €1 million—the highest figure since March 2021. The Bondora team also recovered more missed payments for originations than in May, thus continuing this upward trend.

Bondora recovers almost €1M in debt.
Bondora recovers almost €1M in debt.

Bondora’s recoveries of missed payments totaled 72,080 in June. This is a 1.9% increase from May. All recovery categories were higher, except for Default and Court recoveries, which declined by 0.9% this month. As for originating countries, Bondora recoveries comprised the following countries:

  • Estonia: 45.4%
  • Spain: 24.0%
  • Finland: 30.2%
  • Slovakia: 0.3%
Recoveries by the count of loans – June 2021
Recoveries by the count of loans – June 2021

Cash recoveries

The uptick in cash recovered in the month far outpaced the number of missed payments recovered by Bondora. All told, €969,573 was recovered in June—a substantial 19.2% increase compared to May. The average missed payment recovery came to €13.45, resulting in a €1.95 increase from last month. This is the first time since March this year that we’re nearing the €1 million mark.

Bailiff recoveries performed the best, accounting for 83.7% of all cash recovered and growing by an impressive 23.7% on the month. Default and court recoveries also grew by a stable 7.8%. Recoveries across originating countries were all higher (except for historical missed payments from Slovakia):

  • Estonia: +6.7%
  • Spain: +28.3%
  • Finland: +34.9%
Recoveries by cash flow – June 2021
Recoveries by cash flow – June 2021

Yearly recovery rate

The cumulative recovery rate for 2014-2021 came in at 42.9%, compared to 44.0% last month. This minor drop was led by a continued (and expected) decline of the 2021 return rate, which was down 8.5% to 57.6%. Yet, return rates for 2014, 2015, 2016, and 2018 were all higher in June, a positive sign that points to Bondora’s ability to maintain solid recovery numbers even for missed payments that are from loans originated many years ago.

Recovery rate – June 2021
Recovery rate – June 2021

Recoveries by country

Spanish recoveries for 2021 continue to come down, but are still well above their historical rates at 102.6%. The Finnish recovery rate for 2020 rose from 21.7% to 23.3%. As for Estonian recoveries, a notable trend has emerged:

After peaking in 2014 at 80.0%, the Estonian recovery rate fell for the next three years and bottomed at 34.6% in 2018. However, the next four years showed growth in Estonian recoveries, with a current rate of 74.1%—the highest rate since 2014’s historical peak. While these recovery rates will continue to change over the coming months, this trend is an interesting one to note.

Recovery rate by country – June 2021
Recovery rate by country – June 2021

Working hard on recoveries

A 1.9% monthly increase in recoveries isn’t huge, but it’s also a positive sign of the continued dedication of the Bondora team to recover missed origination payments. And this isn’t just for newly originated loans, as the recovery rate for 2014, 2015, 2016, and 2018 were all higher in June.

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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