{"id":27400,"date":"2019-12-26T10:00:00","date_gmt":"2019-12-26T08:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=27400"},"modified":"2019-12-26T10:00:00","modified_gmt":"2019-12-26T08:00:00","slug":"loan-originations-grew-in-estonia-in-november","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/loan-originations-grew-in-estonia-in-november\/","title":{"rendered":"Loan originations grew in Estonia in November"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Bondora loan originations in November did not eclipse their record-breaking levels <a href=\"https:\/\/www.goandgrow.eu\/blog\/aa-rated-originations-increase-in-october-2019\/\">in October<\/a>, but still came in at a solid \u20ac17,640,846. Over the month there were some changes in origination data, especially in Estonia and Finland. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Origination growth in Estonia,\ndecline in Finland<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While total originations declined, originations out of Estonia grew by 15.1% to \u20ac9,967,373. On the flipside, Finnish originations declined, down by 44.7% to \u20ac4,331,486. As a result, originations out of Finland only accounted for 24.6% of all Bondora originations, and Estonian originations accounted for 56.5%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Loan-origination-by-country_Nov.png\" alt=\"\" class=\"wp-image-27401\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The increase in Estonian originations came\nmostly from AA rated loans, which accounted for 22.8% of all originations,\ntotalling \u20ac4,027,883. The largest category of Spanish loans (F rated) declined\nto \u20ac2,429,198, lower by 26.0% from October. Loans in Finland once again came in\nfrom C and E rating categories, with E rated loans comprising 94.6% of all\noriginations in the country.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Share-by-rating_country_amount_Nov.png\" alt=\"\" class=\"wp-image-27407\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Loan amounts have a similar trend<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not only did total originations in Finland\ndecline, the country\u2019s average loan amount decreased too. The average Finnish\norigination totaled \u20ac3,004 in November, declining 10.9%. Estonian loans grew to\nan average of \u20ac3,075 on the month..<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-amount_Nov.png\" alt=\"\" class=\"wp-image-27413\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">60-month loan durations see changes<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Loan durations were consistent across Estonia and Spain, while Finnish loan durations fell for the third consecutive month, down to 49-months, putting them on par with Estonia.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-duration_Nov.png\" alt=\"\" class=\"wp-image-27419\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Changes in durations were mostly seen in loans originated at 60-months. The average loan duration dropped in Finland because less loans (51.7%) came at a 60-month duration compared to October (53.0%). The same can be said of Spain, in which 73.9% of the country\u2019s loans had a duration of 60-months. On the flipside, a higher ratio of Estonian loans (47.2%) were originated at a duration of 60-months in November.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Loan-and-employment-duration_Nov.png\" alt=\"\" class=\"wp-image-27425\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Average age and education remain consistent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There was no significant change in the average\nage of Bondora borrowers. Finnish borrowers came in slightly younger, at\n46-years old, while the average age of borrowers in Spain and Estonia remained unchanged.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-age_Nov.png\" alt=\"\" class=\"wp-image-27431\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Similarly, the education levels of Bondora\nborrowers across Estonia, Spain, and Finland remained fairly constant over the\nmonth, and showed no statistically significant changes. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Education_Nov.png\" alt=\"\" class=\"wp-image-27437\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Estonian borrowers did not report any real change\nin their average income on the month. However, Finnish borrowers averaged\n\u20ac2,456 p\/m and Spanish borrowers averaged \u20ac1,642 p\/m.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-net-income_Nov.png\" alt=\"\" class=\"wp-image-27443\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Employment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There was a slight decline in the number of\nBondora borrowers employed more than 5-years (37.6%), but an increase of\nborrowers employed up to 5-years (28.7%). The amount of retirees (7.8%) also\ndeclined on the month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Employment-duration_Nov.png\" alt=\"\" class=\"wp-image-27449\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Home ownership status<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Less Finnish borrowers (7.7%) and more Spanish\nborrowers (19.3%) had a mortgage in November. Meanwhile, homeownership in\nFinland rose to 35.3% of all borrowers in the country.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Home-ownership_Nov.png\" alt=\"\" class=\"wp-image-27455\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">More verified Estonian borrowers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">More than half (55.6%) of all Estonian\nborrowers were verified in November, a significant increase from previous\nmonths. There was also a solid increase of Finnish borrowers verified, with\n72.9% of borrowers in the country verified compared to 69.1% last month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Verification_Nov.png\" alt=\"\" class=\"wp-image-27461\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about Bondora investment products <a href=\"https:\/\/www.goandgrow.eu\/en\/our-products\">here<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">*As\nwith any investment, your capital is at risk and the investments are not\nguaranteed. The yield is up to 6.75% p.a. Before deciding to invest, please <a href=\"https:\/\/www.goandgrow.eu\/en\/riskstatement\">review our risk\nstatement<\/a> or consult with a financial advisor if necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bondora loan originations in November did not eclipse their record-breaking levels in October, but still came in at a solid \u20ac17,640,846. Over the month there were some changes in origination data, especially in Estonia and Finland. Origination growth in Estonia, decline in Finland While total originations declined, originations out of Estonia grew by 15.1% to [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-27400","post","type-post","status-publish","format-standard","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats &amp; Data"],"category_name":"Stats &amp; Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/27400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/comments?post=27400"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/27400\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=27400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=27400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=27400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}