September 2023: Originations and Investments Fall Slightly

After continued increases in July and August, we’ve seen slight dips for originations and investments in September. Both these statistics totaled just under €15M, decreasing 5.1% from the previous month. Cash recoveries, however, did well, totaling almost €2M in September alone. Here are more stats:

September 2023: Originations and investments fall slightly
September 2023: Originations and investments fall slightly.

1,039 new investors joined Bondora in September. In the same month, investors earned over €2M in returns, and the total product investment amount increased to €869M!

Loan Originations

Breaking te growing streak from the last two months, September slowed down loan originations by 5.1%. Falling €15,785,232 in August to €14,177,543 in September.  

Despite the overall decline, Finland had an increase. The Nordic market’s originations grew by 7.8%. This totaled €10,061,588 in Finnish loan originations.

In contrast to many previous months, we saw a welcome increase in originations in Estonia. Loan originations grew by 4.7%, totaling €2,354,016.

The Dutch market has settled to a lower origination total after showing vast growth potential in the last few months. €2,462,152 worth of loans were originated in the Netherlands in September.

The Spanish market remains temporarily closed to new customer originations as we monitor data to change our internal risk-scoring models. We do this to ensure the best possible quality for our loan portfolio, which means a better investment experience for you. Our existing customers were the driving force behind the €97,905 worth of loan originations from September.

Finnish loans, once again, have the majority, with a dominant 67.2% share. The Dutch market keeps its second-largest share, with 16.4%. But Estonia follows in close third with 15.7% and Spain with 0.7%.

The average loan interest rate rose from 19.1% to 19.6%.

Loan risk ratings and split per country

Below, you can view the different loan risk ratings and their percentage split across countries of the general loan portfolio. You can easily compare the changes between August and September:

Origination shares by rating/country – September 2023
Origination shares by rating/country – September 2023
Origination shares by rating/country – August 2023
Origination shares by rating/country – August 2023

For more in-depth statistics, you’re welcome to view them on our general statistics page for daily updated figures.

Investment product funding

In tandem with originations, we saw investment product funding also take a slight dip. It declined by 5.1%. This brought the total funding into investment products in September to €14,975,661.

€14,916,563 was funded to Go & Grow and €59,098 was invested using the API. That’s a 5.1% decrease for Go & Grow and a 6.2% decrease for API investments. Below, you can see the investment funding split for September.

Investment shares across Bondora products in September 2023.
Investment shares across Bondora products in September 2023.

Secondary Market

Continuing the see-saw trend since May, Secondary Market transactions decreased in September after increasing in August. Transactions totaled €92,373 in September compared to August’s €107,098. This is a 13.7% drop rate.

The API, however, increased by 20.3%, and Manual transactions declined by 28.3%. At a 58.3% share, manual transactions continue to have the biggest share. The API has a 41.7% share.

Secondary Market total transactions – September 2023
Secondary Market total transactions – September 2023

Collection and Recovery

We’ve recently started using new data sources with more exact results than we’ve used previously. As we aim to improve your experience, we trust this new data source will keep you updated on our recovery efforts. However, this means we won’t share the same information as in the past. You can visit our general statistics page for more statistics and daily updates.

We made considerable strides in September across all our active markets, recovering €1,900,071.

Estonia was the market with the highest cash collection, with €1,112,075 recovered. In Finland, cash recoveries totaled €702,611, and in Spain, we recovered €85,295. In the Netherlands, we have our first cash recovery of €60.

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