KEY TAKEAWAYS
- During the past month, Estonia, Finland, Spain and Slovakia all experienced modest declines in recovery performance relative to the previous month. However, the only country to drop more than three percentage points was Slovakia which is still strong with an average recovery for 2016 of 75%.
- The positive story is the long-term trend. Finland, Spain and Slovakia have all seen increases in recovery performance relative to their 2015 averages. The clearest example of this increase is seen with Slovakia where average recovery rates have increased by 41 percentage points between 2015 and 2016.
- The total country average of 56% for 2016 indicates a strong trend relative to a total average of 47% over the period ranging from 2014 to 2016.
PRINCIPAL RECOVERY RATES ACROSS MARKETS
Finland, Spain and Slovakia are holding steady with 2016 average recovery rates that are at their highest since 2014. Meanwhile, Estonia has dropped in 2016 by two percentage points below its total average. The total average recovery across all markets is the highest in 2016 of any other total year average. Total average recovery rate for 2016 was 56%, while 2014 and 2015 averages were 42% ad 43% respectively. Across all countries 2016 has exhibited a cumulative of eleven quarters of improved performance relative to the preceding quarter. This figure outnumbers the total number of declining quarters. We’re continuing to focus on improving recoveries to ensure stronger investor returns.
| Quarter | 2014 Q1 | 2014 Q2 | 2014 Q3 | 2014 Q4 | 2015 Q1 | 2015 Q2 | 2015 Q3 | 2015 Q4 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Estonia |
53% | 67% | 73% | 74% | 100% | 71% | 47% | 55% | 53% | 67% | 72% | 68% | 59% |
 Finland |
40% | 62% | 36% | 54% | 64% | 60% | 16% | 19% | 29% | 53% | 72% | 38% | 33% |
 Spain |
N/A | 18% | 18% | 19% | 31% | 27% | 29% | 35% | 27% | 63% | 34% | 15% | 26% |
 Slovakia |
N/A | N/A | 4% | 9% | 28% | 12% | 52% | 45% | 80% | 159% | 22% | 39% | ND |
You can find additional related information about the recovery process from these articles:
- How are recovery rates measured?
- Why don’t you calculate the recovery rate on the principal balance?
