{"id":29151,"date":"2020-02-11T14:39:14","date_gmt":"2020-02-11T12:39:14","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=29151"},"modified":"2020-02-11T14:39:14","modified_gmt":"2020-02-11T12:39:14","slug":"finnish-originations-jump-in-january","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/finnish-originations-jump-in-january\/","title":{"rendered":"Finnish originations jump in January"},"content":{"rendered":"\n

In January there was a total of \u20ac15,214,543 in Bondora originations. Even as originations increased as a whole, Finnish originations showed positive signs of growth compared to the previous month<\/a>.<\/p>\n\n\n\n

Country Breakdown<\/h2>\n\n\n\n

Finnish loans were the only originating country which increased on the month, up by 29.8% to \u20ac4,855,434. Meanwhile, interest rates were strong in Estonia, where the overall interest came in at 22.2% compared to 17.5% one month ago.<\/p>\n\n\n\n

\"Loan<\/figure><\/div>\n\n\n\n

The majority of increase in Finnish originations came from E rated loans, which accounted for 28.6% of all Bondora originations on the month. Other notable changes included new HR loan originations in Spain, and a significant reduction in Estonian AA rated originations, which dropped by 55.8% to \u20ac1,546,406.<\/p>\n\n\n\n

\"Share<\/figure><\/div>\n\n\n\n

Loan Amounts<\/h2>\n\n\n\n

Average loan amounts in Finland seem to be normalizing around \u20ac3,000, coming in at \u20ac3,035 this month. Estonian loans came in slightly higher than last month, averaging \u20ac2,832 per origination in January.<\/p>\n\n\n\n

\"Avg<\/figure><\/div>\n\n\n\n

Spanish durations remain the longest<\/h2>\n\n\n\n

The average duration for Spanish loans has remained consistently the longest for quite some time, holding strong at 53-months. Finnish originations were also the same, at an average of 48-months, while Estonian loans averaged slightly higher in January to 49-months.<\/p>\n\n\n\n

\"Avg<\/figure><\/div>\n\n\n\n

Estonian originations have by far the widest array of origination lengths, with originations spread from 6-months to 60-months. The trend of Finnish and Spanish durations remained fairly consistent with previous months.<\/p>\n\n\n\n

\"Loan<\/figure><\/div>\n\n\n\n

Average Age<\/h2>\n\n\n\n

Finnish borrowers are still, on average, the oldest borrowers on Bondora, averaging 46-years of age. Estonian borrowers remain the youngest, with the average age of Estonian borrowers dropping to 37-years old. Spanish borrowers maintained an average of 41-years of age. <\/p>\n\n\n\n

\"Avg<\/figure><\/div>\n\n\n\n

Incomes normalize downward<\/h2>\n\n\n\n

After a month of increases in average income across the board, incomes normalized downward in all three Bondora originating countries. Estonian incomes fell by 6.4% to \u20ac1,267. Finnish incomes were down a similar amount, dropping by 4.4% to \u20ac2,624. It was Spanish borrowers who maintained similar incomes to last month, falling only 0.3% to \u20ac1,676.<\/p>\n\n\n\n

\"Avg<\/figure><\/div>\n\n\n\n

Education<\/h2>\n\n\n\n

In January, 24.5% of Finnish borrowers had a university education compared to 23.2% a month ago. Although this was only a minor change, all things being relative, this was the most significant change in education level over the month.<\/p>\n\n\n\n

Education Jan 2020 – Bondora<\/h2>\n\n\n\n
\"Education<\/figure><\/div>\n\n\n\n

Employment<\/h2>\n\n\n\n

The number of Bondora borrowers employed more than 5-years jumped 2% higher to 38.7% in January. Elsewhere, 27.6% of borrowers employed for up to 5-years, compared to 28.7% a month ago.<\/p>\n\n\n\n

\"Employment<\/figure><\/div>\n\n\n\n

Finnish borrowers shift into homeownership<\/h2>\n\n\n\n

Finnish borrowers were less likely to be tenants this month (43.2% of all borrowers) than last month (47.8% of all borrowers). Instead, the trend in Finland shifted toward ownership, as 37.3% of Finnish borrowers were homeowners in January compared to 35.1% in December.<\/p>\n\n\n\n

\"Home<\/figure><\/div>\n\n\n\n

More borrowers verified<\/h2>\n\n\n\n

Estonian borrowers continue to grow in verification, with 78.9% of borrowers in the country verified during the month, more than an 18% increase over just a month ago. The same trend occurred with Finnish borrowers, who were verified at a 95.3% rate this month. All told, Bondora borrowers are being verified at a higher rate than ever, with a 88.3% verification rate overall.<\/p>\n\n\n\n

\"Verification<\/figure><\/div>\n\n\n\n

Positive signs from Finnish borrowers<\/h3>\n\n\n\n

The year began with positive signs from Finnish borrowers. Total originations out of Finland were up by 29.8% with borrowers on average having a higher education and be more likely to own a home. These trends provide a positive sentiment toward originations out of the country as the year progresses.<\/p>\n\n\n\n

Learn more about Bondora investment products here<\/a>.<\/p>\n\n\n\n

*As with any investment, your capital is at risk and the investments are not guaranteed. The yield is up to 6.75% p.a. Before deciding to invest, please review our risk statement<\/a> or consult with a financial advisor if necessary.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In January there was a total of \u20ac15,214,543 in Bondora originations. Even as originations increased as a whole, Finnish originations showed positive signs of growth compared to the previous month. Country Breakdown Finnish loans were the only originating country which increased on the month, up by 29.8% to \u20ac4,855,434. Meanwhile, interest rates were strong in […]<\/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-29151","post","type-post","status-publish","format-standard","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats & Data"],"category_name":"Stats & Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/29151","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=29151"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/29151\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=29151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=29151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=29151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}