Slow Summer Month for Investments and Originations

After stabilizing in May, investment figures declined from €15,458,394 to €12,913,190 in June. And with loan originations, there was an overall decline of 17.3%. This was expected, as there have been slowdowns in origination and investment activity during the height of summer in the past. Despite the declines, most of the statistics remained consistent, with slight variations. Read more:

Slow summer month for investments and originations
Slow summer month for investments and originations

Investment by product slow down in June

Overall, investing funding decreased by 16.5%, with the API falling the hardest (-25.0%). But, despite having the largest declining percentage, it had the most minor effect on the overall investment portfolio because it makes up less than 1% of the entire portfolio.

Go & Grow had the largest effect on the overall funding, making up 96.9% of all investments. Go & Grow investments fell from €15,548,394 to €12,516,355. Portfolio Manager remains the 2nd most popular product with €228,825, Portfolio Pro follows with €166,108, and lastly, the API trails with €1,902:

Product funding figures:

  • Go & Grow – 16.5%
  • Portfolio Manager          – 16.5%
  • Portfolio Pro                   – 17.3%
  • API                                 – 25.0%
Investment by product – June 2022
Investment by product – June 2022

June continues on the same share distribution as May, with Go & Grow making up the bulk 97%, and the other 3 investment products each making up 1%. A total of €12,913,190 was invested.

Investment by product – June 2022
Investment by product – June 2022

Loan originations mirror summer slowdown

With loan originations, there was an overall decline of 17.3% to €12,913,190. The average interest rate decreased by a minimal 0.1%, from 22.4% to 22.3%. Here’s a breakdown of all the origination stats:

Country breakdown

There was a decrease in all three markets, but Spain had the largest decline (-56.4%) to €360,784. This is the first decline in Spanish originations since relaunching Spain in September 2021. We are hoping to see a rebound in Spanish originations soon.

The 2nd most significant origination decrease came from Finland (-19.4%), with €6,306,562. Estonia had the most minor decrease, dipping by 9.5% to having €5,709,442 originated.

Regarding origination shares, Estonia is catching up with a 44.2% share. Despite their significant decline, Finland still has the majority of originations, with a 53.0% share. Spain’s share declined to 2.8%.

The average interest rate decreased minimally from 22.4% to 22.3%. This shows relative stability across all markets’ interest rates. The average Spanish interest rate remains consistent at 21.8%, as does the Finnish with 20.4%. Estonia was the only market to have some change, decreasing from 25.2% to 24.7%.

Origination by country – June 2022
Origination by country – June 2022

Because we only originate C-rated loans in Spain, this rating category is identical to the Spanish market’s performance. We hope to see an increase in Spanish origination again as summer subsides. C-rated loans continue to be the most significant risk-rating in all our other loan markets as well. In Estonia, its C-rated share increased from 15.5% to 17.4%. And in Finland, they decreased from 48.0% of all loans to 42.4%. But despite the decline, it is still the largest loan category by far.

D-rated loans in Finland increased quite significantly from 2.9% to 7.0%. In Estonia, the biggest change was noted in the B-rated category, which increased from a 10.9% share to 13.5%.

Origination by rating/country – June 2022
Origination by rating/country– June 2022

Loan amounts

June continued the increasing loan amount trend we saw in May. All three markets are now mirroring each other’s growth trajectory. In Spain, it increased by 7.5%, in Estonia by 7.8%, and in Finland by 13.7%.

The latter also has the highest loan amount, which is what we’ve come to expect. Spain currently has the lowest average loan amount (€2,796), even though it is very close to Estonia’s average of €2,816.

Average loan amount – June 2022
Average loan amount – June 2022

Loan duration

For the first time since April, we saw a change in the average loan duration lengths, but only in Spain. Its average increased from 54 to 56 months. Finland’s average remains at 56 months, while Estonia continues to have the longest average loan duration with 58 months

Loan duration – June 2022
Loan duration – June 2022

As has become the norm, 60-month loans are the most popular option across all our markets. It has a consistent majority in each country: in Finland, 1,725, in Estonia, 1,682; and in Spain, 107.

Once again, 12-month loans are the 2nd most popular in Spain. But this month, Finland joined Estonia, with the 24-month loan duration being the 2nd most chosen option.

Number of loans per loan duration – June 2022
Number of loans per loan duration – June 2022

Average age

In Estonia, the average borrower age remains at 38. In Spain, it increased to 39; in Finland, it dropped to 41. But, the latter remains the oldest out of all the markets. Estonian-based borrowers are now the youngest.

Average age – June 2022
Average age– June 2022


Estonia was the only market to increase the average net income in June. It increased by 4.0% to €1,452 per month. Estonian borrowers continue to have the lowest average monthly net income. Spanish borrowers’ average income declined by 6.5% and is now €1,514 per month. Finnish borrowers have the highest average income by far, with €2,798 per month, but their average dropped slightly by 1.9% in June.

Average net income – June 2022
Average net income– June 2022


As we saw in previous months, in Finland, most borrowers (52.8%) have vocational school qualifications. This category in Spain and Estonia is much less populated, accounting for 0.8% and 23.6%, respectively. In these two markets, High school qualifications make up the majority, 45.0%, and 41.6%, respectively. This month, High School and University are tied in Spain with 45.0% each.

Looking at the overall statistics, vocational schools make up the majority (37.5%) due to Finnish borrowers making up the largest percentage of borrowers overall.

Education – June 2022
Education – June 2022


Continuing the trend, the employment statistics remain similar. Most borrowers (35.7%) are employed for more than 5 years. Those employed for up to 5 years account for the 2nd largest share of all borrowers (30.4%). And retired is still the least populated segment, accounting for just 5.3% of borrowers.

Employment – June 2022
Employment – June 2022

Homeownership status

In June, there was not much change in the overall homeownership status of borrowers.

Most Bondora borrowers are once again homeowners, even though the percentage fell from 41.4% to 39.8%. This is the most popular category in Finland (39.1%) and Estonia (42.1%). In Spain, Homeowners make up only 14.7%, and the most popular category is tenants (42.6%).

Homeownership status – June 2022
Homeownership status – June 2022

Verification status

The overall verification rate in June was 99.6%, up 0.3% from May. This month, we only have a few unverified borrowers in Estonia and Finland. This month, Spain has seemingly traded places with Finland and is now the only market with a 100% verification rating. Estonia has an improved 99.2% rating, and Finland has a 99.9% rating.

Verification status – June 2022
Verification status – June 2022

Slow summer month for investments and originations

In June, the height of summer, origination and investment figures slowed down significantly. But, historically speaking, we’ve seen these less-than-ideal figures throughout the summer months in our history. So, we’re confident they will regain momentum as we progress towards the end of Q3. Despite the declines, most of the statistics remained relatively consistent, with slight variations.

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