Over €20M Originated in Loans During November

The end of the year looks bright as we celebrate yet another month of loan origination highs. In November, we originated more than €20,5M in loans—the second-highest amount in Bondora’s history! The current origination record is still from October 2019. Find out more:

The end of the year looks bright for Bondora’s investors.
The end of the year looks bright for Bondora’s investors.

In November, 2,993 new investors signed up to Bondora, bringing the total number of investors to 180,952 people. Our total investments have increased to €522M—up more than €18M from October. Investors have also earned more than €59M in returns in total.

Another month, another origination high! Last month, a total of €20,533,575 was originated on Bondora. November now holds the crown for the month with the most loan originations in 2021. For the first time since relaunching the Finnish market, we now also originate B- and C-category loans, in addition to the D-loans. It’s also the month that Finland finally overtook Estonia in terms of loan percentage share. Finnish loans now make up 55,1% of the loan portfolio, Estonian loans 44,3%, and Spanish loans 0,6%. Even though it might seem minor, the Spanish loan share increased from 0,1% to 0,6%.

As anticipated, Secondary Market activity saw a slight uptick in transactions after declining the previous two months.  The total value of transactions on the market totaled €257,149 in November, which is a 2% increase from October. All three categories (API. Manual transactions, and Portfolio Manager) showed increases.

November was another solid month for our collection and recovery team. A total of €872,189 was recovered in default payments. Once again, the most recoveries were made during the Bailiff stage. At 79,2%, 2021 still has the highest recovery rate for the last 7 years by far. This high recovery rate is a very encouraging sign for investors. This rate is far above the 7-year average of 46,5%.

Overall, we saw growth in product funding. But it’s worth noting that this growth came only from Go & Grow. The other products all declined, as you can see below. Go & Grow continues to take the biggest share, now taking up 92,2% of all investments. Portfolio Manager comes in second, with a 4,9% share. It had just less than a million (€998,468) in investments.

Product funding rise and falls:

Go & Grow                      + 14,7%

Portfolio Manager          –  10,9%

Portfolio Pro                   –  16,6%

API                                   –  43.8%

In a nutshell:

The continued increase in originations and investments is the perfect reason to be excited about the last month of 2021. After months of continued growth, Finland finally took over the biggest share in originations. Although it was not surprising, we’re keen to see whether they’ll hold this position in the months to come. Let’s see if we can beat our origination record in December 2021!

If you enjoy these breakdowns, follow our blog for weekly, more in-depth analyses of the Bondora market. Every month we take a detailed look at aspects like:

  • Loan originations
  • Collection and Recoveries
  • Product funding
  • Secondary Market

So, stay tuned to better determine your investment strategy, loan portfolio preferences, and more. 

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