{"id":35666,"date":"2020-07-15T14:17:39","date_gmt":"2020-07-15T11:17:39","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=35666"},"modified":"2020-07-15T14:17:39","modified_gmt":"2020-07-15T11:17:39","slug":"bondoras-net-profit-surges-to-e2-3m-in-2019","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/bondoras-net-profit-surges-to-e2-3m-in-2019\/","title":{"rendered":"Bondora\u2019s net profit surges to \u20ac2.3M in 2019"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Now, more than ever, investors depend on Bondora to provide a simple way to grow their money online.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key points:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Revenue increased by 96% to \u20ac20.3M<\/li><li>Net profit increased by 2,184% to \u20ac2.3M<\/li><li>Volume of issued loans increased by 158% to \u20ac156.8M<\/li><li>Total full-time employees grew by 11 people to a total of 65<\/li><li>Turnover grew by 171% in Spain<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">CEO comments on financial results<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re proud to report that <a href=\"https:\/\/www.goandgrow.eu\/\">Bondora<\/a> made a net profit of \u20ac2.3M in 2019 \u2013 a 2,184% increase on the previous year. Our revenue also increased by 96% to \u20ac20.3M. This was driven by advancements in product development and marketing activities.\u201d said P\u00e4rtel Tomberg, Bondora\u2019s Founder and CEO. \u201c<a href=\"https:\/\/www.goandgrow.eu\/en\/goandgrow\">Go &amp; Grow<\/a> has made investing easier than ever before possible, and our 2019 financial results are testament to this.\u201d<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/investor.wptest.goandgrow.eu\/wp-content\/uploads\/sites\/4\/2023\/12\/Partel-Tomberg-Bondora-1-Founder-and-CEO-1024x683.jpg\" alt=\"Partel Tomberg Bondora Founder and CEO\" class=\"wp-image-35669\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>122,000 people have invested over \u20ac371M and earned \u20ac44M<\/em><\/strong><\/p>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDespite the growth in our financials, the team size increased by only 11 people. I am incredibly proud of every single person in the Bondora team, and their resilience to put the customer at the forefront of everything they do. We\u2019re inspired to continue creating innovative services for our customers. Why should investing be any more complex than making a cup of coffee?\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is Bondora\u2019s <a href=\"https:\/\/www.goandgrow.eu\/blog\/bondora-ceo-comments-on-2018-financial-results\/\">third consecutive year<\/a> of profitability, and the investor community now stands at more than 122,000 people. Since inception, they\u2019ve invested \u20ac371M and earned \u20ac44M.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><em>Outstanding financial performance<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019, Bondora invested heavily into building an excellent product, expanding marketing activities, and becoming a market leader in customer service. This resulted in an outstanding financial performance. The key metrics are summarized below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td>&nbsp; &nbsp; 2019<\/td><td>&nbsp; &nbsp; 2018<\/td><td>Change<\/td><\/tr><tr><td>Revenue<\/td><td>&nbsp;20 258&nbsp;046<\/td><td>&nbsp;10 311 268<\/td><td>96 %<\/td><\/tr><tr><td>Net Profit<\/td><td>&nbsp; &nbsp;2&nbsp;283 561<\/td><td>&nbsp; &nbsp; &nbsp; &nbsp;99 984<\/td><td>2 184%<\/td><\/tr><tr><td>Equity<\/td><td>&nbsp; &nbsp;3&nbsp;364&nbsp;994<\/td><td>&nbsp; &nbsp;1 442 820<\/td><td>&nbsp; 133 %<\/td><\/tr><tr><td>Return on Equity (ROE)<\/td><td>&nbsp; &nbsp; &nbsp; 68&nbsp;%<\/td><td>&nbsp; &nbsp; &nbsp;&nbsp; 7&nbsp;%<\/td><td>879%<\/td><\/tr><tr><td>Return on Assets (ROA)<\/td><td>&nbsp; &nbsp; &nbsp; 30&nbsp;%<\/td><td>&nbsp; &nbsp; &nbsp; &nbsp;3&nbsp;%<\/td><td>1069%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Return on Equity (ROE) = Net Profit \/ Equity<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Return on Assets = Net Profit \/ Total Assets<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bondora and COVID-19<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bondora was launched 12 years ago in the middle of the global financial crisis. Since then, Bondora has operated through severe recessions in Estonia, Finland and Spain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cHaving grown Bondora through harsh economic circumstances, we were well prepared for the new environment. It\u2019s in our DNA.\u201d said P\u00e4rtel Tomberg. The foundations of Bondora are built on five pillars:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>1.<\/strong> <strong>100% online<\/strong>. Bondora\u2019s full range of services are online. The teams continue to work remotely over secure connections to support customers across the world, no matter the circumstance.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>2.<\/strong> <strong>Risk buffers<\/strong>. Within Go &amp; Grow, all returns above 6.75% p.a. serve as a risk-buffer. Our historic return is 10.7% p.a. (including recessions), the difference between the two is a reserve for investors.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>3.<\/strong> <strong>Strong diversification<\/strong>. There are over 125,000 personal loans in the Go &amp; Grow portfolio with different loan lengths, customer segments and risk categories \u2013 all reducing investors exposure to individual volatility.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>4.<\/strong> <strong>Automated loan repayments<\/strong>. Our borrowers use an online interface where their repayments are processed automatically. If necessary, they can extend the loan schedules to adjust to their new financial circumstances.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>5.<\/strong> <strong>Sustainability<\/strong>. Bondora has been profitable since 2017 and is well capitalized. We do not have cut back on any of our services, even if the situation were to persist.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Looking forward<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investing remains the focal point of <a href=\"https:\/\/www.goandgrow.eu\/en\/our-products\">Bondora\u2019s product offering<\/a>, but we are exploring new opportunities to serve our rapidly growing customer base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn 2020, we expect our revenue to remain largely on par with 2019 and profits to be around the \u20ac1M mark. Our core focus this year is to maintain and improve the portfolio quality. In combination with this, we will continue to invest in our existing products and expand the product line.\u201d P\u00e4rtel commented.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Disclaimer: This text was originally written in English. All translations were done based on the original English document. Even though we try our best to provide accurate translations, there might be slight differences&nbsp;due to the different languages and cultural nuances.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now, more than ever, investors depend on Bondora to provide a simple way to grow their money online. Key points: Revenue increased by 96% to \u20ac20.3M Net profit increased by 2,184% to \u20ac2.3M Volume of issued loans increased by 158% to \u20ac156.8M Total full-time employees grew by 11 people to a total of 65 Turnover [&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":[117],"tags":[],"class_list":["post-35666","post","type-post","status-publish","format-standard","hentry","category-bondora-news"],"acf":[],"featured_image":null,"categories_names":["News"],"category_name":"News","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/35666","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=35666"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/35666\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=35666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=35666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=35666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}