{"id":4117,"date":"2016-08-02T17:31:54","date_gmt":"2016-08-02T14:31:54","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=4117"},"modified":"2016-08-02T17:31:54","modified_gmt":"2016-08-02T14:31:54","slug":"monthly-origination-summary-july-2016","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/monthly-origination-summary-july-2016\/","title":{"rendered":"Monthly origination summary \u2013 July 2016"},"content":{"rendered":"<p>July was a record month at Bondora with a total of <strong>\u20ac2,289,230<\/strong> of loans issued. The record came despite a slightly lower value of processed loan applications at <strong>\u20ac35,551,410<\/strong>. <strong>\u20ac5,269,680<\/strong> of loans applications were made available in the peer-to-peer lending platform with the growth compared to June driven by improvements to funnel conversion rates (from 12.7% in June vs. 14.8 in July).<\/p>\n<p>Below is our loan origination summary for month ending July 31, 2016 which highlights amount issued, share of origination and weighted average interest per country and risk grade.<\/p>\n<h2>Loan origination by country<\/h2>\n<ul>\n<li>Estonian loans continue to make up the largest share of originations, followed by loans issued in Finland and Spain with share of origination being respectively 61.3%, 26.8 and 11.9%.<\/li>\n<li>Interest rates in Estonia are in mid-twenties, low thirties in Finland whilst Spanish borrowers are paying interest rates in mid-fifties.<\/li>\n<li>These differences are caused by differences in risk grade structures between the markets. Estonian originations are prime, Finnish near-prime and Spanish sub-prime. We expect these differences to converge over time. Yet all countries and grades provide healthy returns and should be part of a diversified Bondora portfolio as illustrated by our <a href=\"https:\/\/www.goandgrow.eu\/blog\/bondora-portfolio-performance-26-07-2016\/\">portfolio performance<\/a>.<\/li>\n<\/ul>\n<div class=\"responsive-table\">\n<table class=\"bondora-table\">\n<thead>\n<tr>\n<th class=\"table-header\" colspan=\"4\">Share by country \u2013 July 2016<\/th>\n<\/tr>\n<tr class=\"green-bg\">\n<td>Country<\/td>\n<td>Interest<\/td>\n<td>Amount<\/td>\n<td>Share<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th><strong>ESTONIA<\/strong><\/th>\n<td>26,21%<\/td>\n<td>1403150<\/td>\n<td>61,3%<\/td>\n<\/tr>\n<tr>\n<th><strong>SPAIN<\/strong><\/th>\n<td>56,09%<\/td>\n<td>272055<\/td>\n<td>11,9%<\/td>\n<\/tr>\n<tr>\n<th><strong>FINLAND<\/strong><\/th>\n<td>31,06%<\/td>\n<td>614025<\/td>\n<td>26,8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>Loan origination by grade<\/h2>\n<ul>\n<li>Risk grade distribution across countries has been relatively stable. Growth in lower risk segments is typically driven by more activity from non-retail investors.<\/li>\n<li>Across countries AA to F grade loans make up 86.6% of originations with bulk of the volume coming from Estonian and Finnish C, D and E grades.<\/li>\n<\/ul>\n<div class=\"responsive-table\">\n<table class=\"bondora-table\">\n<thead>\n<tr>\n<th class=\"table-header\" colspan=\"10\">Share by country and grade \u2013 July 2016<\/th>\n<\/tr>\n<tr>\n<th><\/th>\n<th colspan=\"3\"><img loading=\"lazy\" decoding=\"async\" class=\"country-flag alignnone\" src=\"https:\/\/i1.wp.com\/www.goandgrow.eu\/content\/img\/flags\/et.png?w=1024&amp;ssl=1\" alt=\"Monthly origination summary \u2013 July 2016 - Estonia\" width=\"18\" height=\"18\" \/><strong>ESTONIA<\/strong><\/th>\n<th colspan=\"3\"><img loading=\"lazy\" decoding=\"async\" class=\"country-flag alignnone\" src=\"https:\/\/i2.wp.com\/www.goandgrow.eu\/content\/img\/flags\/es.png?w=1024&amp;ssl=1\" alt=\"Monthly origination summary \u2013 July 2016 - Spain\" width=\"18\" height=\"18\" \/><strong>SPAIN<\/strong><\/th>\n<th colspan=\"3\"><img loading=\"lazy\" decoding=\"async\" class=\"country-flag alignnone\" src=\"https:\/\/i2.wp.com\/www.goandgrow.eu\/content\/img\/flags\/fi.png?w=1024&amp;ssl=1\" alt=\"Monthly origination summary \u2013 July 2016 - Finland\" width=\"18\" height=\"18\" \/><strong>FINLAND<\/strong><\/th>\n<\/tr>\n<tr class=\"green-bg\">\n<th>BR<\/th>\n<th>Interest<\/th>\n<th>Amount<\/th>\n<th>Share<\/th>\n<th>Interest<\/th>\n<th>Amount<\/th>\n<th>Share<\/th>\n<th>Interest<\/th>\n<th>Amount<\/th>\n<th>Share<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th class=\"border-right\"><strong>AA<\/strong><\/th>\n<td>9,84%<\/td>\n<td>28560<\/td>\n<td class=\"border-right\">1,2%<\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"border-right\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>A<\/strong><\/th>\n<td>12,07%<\/td>\n<td>56255<\/td>\n<td class=\"border-right\">2,5%<\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"border-right\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>B<\/strong><\/th>\n<td>15,86%<\/td>\n<td>198155<\/td>\n<td class=\"border-right\">8,7%<\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"border-right\"><\/td>\n<td>17,13%<\/td>\n<td>28695<\/td>\n<td>\u00a01,3%<\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>C<\/strong><\/th>\n<td>20,92%<\/td>\n<td>288620<\/td>\n<td class=\"border-right\">12,6%<\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"border-right\"><\/td>\n<td>21,72%<\/td>\n<td>73670<\/td>\n<td>3,2%<\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>D<\/strong><\/th>\n<td>25,79%<\/td>\n<td>296505<\/td>\n<td class=\"border-right\">13,0%<\/td>\n<td><\/td>\n<td><\/td>\n<td class=\"border-right\"><\/td>\n<td>27,53%<\/td>\n<td>238960<\/td>\n<td>10,4%<\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>E<\/strong><\/th>\n<td>31,92%<\/td>\n<td>323045<\/td>\n<td class=\"border-right\">14,1%<\/td>\n<td>36,09%<\/td>\n<td>17530<\/td>\n<td class=\"border-right\">0,8%<\/td>\n<td>33,50%<\/td>\n<td>118125<\/td>\n<td>5,2%<\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>F<\/strong><\/th>\n<td>38,08%<\/td>\n<td>143260<\/td>\n<td class=\"border-right\">6,3%<\/td>\n<td>43,11%<\/td>\n<td>39405<\/td>\n<td class=\"border-right\">1,7%<\/td>\n<td>39,64%<\/td>\n<td>131835<\/td>\n<td>5,8%<\/td>\n<\/tr>\n<tr>\n<th class=\"border-right\"><strong>HR<\/strong><\/th>\n<td>46,79%<\/td>\n<td>68750<\/td>\n<td class=\"border-right\">3,0%<\/td>\n<td>60,10%<\/td>\n<td>215120<\/td>\n<td class=\"border-right\">9,4%<\/td>\n<td>53,59%<\/td>\n<td>22740<\/td>\n<td>1,0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>July was a record month at Bondora with a total of \u20ac2,289,230 of loans issued. The record came despite a slightly lower value of processed loan applications at \u20ac35,551,410. \u20ac5,269,680 of loans applications were made available in the peer-to-peer lending platform with the growth compared to June driven by improvements to funnel conversion rates (from [&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-4117","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\/4117","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=4117"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/4117\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=4117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=4117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=4117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}