Cash Recoveries Continue to Climb

May was another month of growth for Bondora recoveries. While the cumulative cashflow dropped slightly, the total number of recoveries increased compared to April.

Cash Recoveries Continue to Climb

All told, there were 70,729 missed payment recoveries by Bondora in May. This is a slight 1.1% increase from April. Bailiff recoveries continue to drive Bondora recoveries, up 1.6% from last month and accounting for 44.3% of all missed payment recoveries. Default & Court recoveries were the only category to see a decrease in recoveries on the month, falling a negligible number to a total of 21,152.

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

Cash recoveries

The amount of cash recovered in May was down slightly compared to last April, but it’s still in line with other figures we’ve seen in recent months. The €813,591 recovered by Bondora over the month is an 8.2% decline from April. This brought the average missed payment recovery down from €12.7 in April to €11.5 in May.

For one, Rare Cases’ cash recovered increased astronomically, growing by 93.7%. The biggest decline in cashflow recoveries was in the Default & Court category, waning by 18.8%. At the same time, the decline in cash recoveries occurred for all originating countries, except Slovakia. This growth is also directly tied to the growth of the rare cases category.

  • Estonia: -11.6%
  • Spain: -14.8%
  • Finland: -0.7%
  • Slovakia: +39.3%
Recoveries by cash flow – May 2021
Recoveries by cash flow – May 2021

Yearly recovery rate

The recovery rate for 2021 continues to normalize downward, coming in at 66.1% this month from 69.1% in April. The cumulative recovery rate was 0.3% lower, coming in at 44.0%. Two yearly recovery rates increased: 2020 recoveries (43.6%) and 2016 recoveries (36.6%).

Recovery rate – May 2021
Recovery rate – May 2021

Recoveries by country

The Spanish recovery rate, while lower for 2021, remains exceptionally high at 121.6%. Meanwhile, the 2021 recovery rate for Estonian originations was slightly higher this month, up to 78.8%. And the Finnish recovery rate for 2020 was higher, up by 0.7% to 21.7%.

Recovery rate by country – May 2021
Recovery rate by country – May 2021

Recoveries up, but cashflow down

While we recovered more missed payments in May than the previous month, the total cash recovered fell by 8.2%. Even though this isn’t a major decrease in cash recovered, it would be exciting to note what will happen in the coming months.

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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