{"id":63893,"date":"2021-06-15T10:00:00","date_gmt":"2021-06-15T07:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=63893"},"modified":"2021-06-15T10:00:00","modified_gmt":"2021-06-15T07:00:00","slug":"bondora-originations-hit-10m-for-the-first-time-in-2021","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/bondora-originations-hit-10m-for-the-first-time-in-2021\/","title":{"rendered":"Bondora originations hit \u20ac10M for the first time in 2021"},"content":{"rendered":"\n

After forecasting growth in last month’s post, Bondora originations increased exceptionally in May. After totaling \u20ac9,224,428 in April<\/a>, originations came to \u20ac10,421,636 over the month, a strong 13.0% growth rate.<\/p>\n\n\n\n

\"Bondora
Bondora originations hit \u20ac10M for the first time in 2021.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Breakdown by country<\/h2>\n\n\n\n

Bondora continues to only provide originations in Estonia and Finland in 2021, although we’re anticipating reopening the Spanish market soon. Both countries’ origins rose proportionally over the month, with Finnish originations hitting \u20ac3,152,306\u2014a 23.4% growth rate. Meanwhile, Estonian originations totaled \u20ac7,269,330\u2014up 9.0% on the month.<\/p>\n\n\n\n

\"Origination
Origination by country \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

In May, Estonian originations shifted toward higher-rated categories; B-rated originations (24.2% share), C-rated originations (22.7% share), and D-rated originations (11.0% share) all increased in total share of Bondora originations. Finnish originations still comprised only D-rated loans, which grew to 30.3% of all originations\u2014up from a 27.7% share last month.<\/p>\n\n\n\n

\"Origination
Origination share by rating\/country \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Loan amounts<\/h3>\n\n\n\n

The average Finnish loan amount decreased for the second consecutive month, totaling \u20ac2,661 in May, down 1.7%. Alternatively, Estonian loans changed course and rose to an average of \u20ac2,818 from \u20ac2,778 last month. This is a 1.4% increase month-over-month.<\/p>\n\n\n\n

\"Average
Average loan amount \u2013 May 202<\/em>1<\/figcaption><\/figure><\/div>\n\n\n\n

Loan duration<\/h3>\n\n\n\n

After maintaining a 56-month loan duration for several months, this streak was broken in May, when Estonian loan durations averaged 55-months. Finnish durations averaged 56-months, which is consistent with last month.<\/p>\n\n\n\n

\"Average
Average loan duration \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

There was a sizable 20.0% increase in 24-month originations in Estonia. This, along with increases in 6-month, 12-month, and 18-month originations, resulted in the average duration being pushed lower in May. Proportionally, Finnish loan duration lengths rose across the board. 60-month durations are still the most common, accounting for 87.1% of all originations out of Finland.<\/p>\n\n\n\n

\"Number
Number of loans per duration \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Average age<\/h3>\n\n\n\n

Finnish borrowers maintained their average age of 45-years after dropping last month. This is a number to watch moving forward to see if the average age of Finnish borrowers reverts to the higher numbers seen in previous months. Meanwhile, Estonian borrowers continue to average 37-years of age.<\/p>\n\n\n\n

\"Average
Average age \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Income<\/h3>\n\n\n\n

Estonian borrowers continue to see their average income decrease. This month, Estonian borrowers only averaged \u20ac1,462 per month in income, down 3.8% from last month and a decrease of 22.7% compared to March.<\/p>\n\n\n\n

Finnish borrowers are experiencing the opposite trend. It was the second consecutive month that Finnish incomes rose on average, up 5.7% to a total of \u20ac3,431.<\/p>\n\n\n\n

\"Average
Average net income \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Education<\/h3>\n\n\n\n

Estonian borrowers skewed more toward lower education levels this month. Junior high school graduates accounted for 20.7% of all Estonian borrowers, up from 19.0% last month. Meanwhile, vocational school education numbers for Finnish borrowers had a big jump, rising by 35.2% and accounting for 50.0% of all Finnish borrowers.<\/p>\n\n\n\n

\"Education
Education \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Employment<\/h3>\n\n\n\n

Employment trends for Bondora borrowers remained consistent. 33.9% of all borrowers were employed for more than 5 years (compared to 33.1% last month), while 32.0% of borrowers were employed up to 5 years (compared to 32.2% last month).<\/p>\n\n\n\n

\"Employment
Employment \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Homeownership status<\/h3>\n\n\n\n

The only category of Estonian borrowers to decrease was borrowers with a mortgage, which fell by 12.3% from last month. Most Estonian borrowers are still homeowners, with the overall rate increasing to 44.1% of borrowers out of the country. In Finland, however, more tenants originated loans on the month. Tenants accounted for 38.0% of all Finnish originations, up from 33.6% last month and 28.0% in March. This is an interesting multi-month trend to watch for June.<\/p>\n\n\n\n

\"Homeownership
Homeownership status \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Verification status<\/h3>\n\n\n\n

Once again, only 1 Finnish borrower was unverified in May, putting the verification rate in Finland at 99.9%. However, the verification rate for Estonian borrowers dropped to 96.7% from 98.2% in April.<\/p>\n\n\n\n

\"Verification
Verification status \u2013 May 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Originations pass \u20ac10 million<\/h2>\n\n\n\n

With a 13.0% growth rate in May\u2014and the fourth consecutive month of double-digit growth\u2014Bondora originations hit above \u20ac10 million for the first time in 2021. This was mainly led by Finnish originations that climbed 23.4% and more Estonian originations in high-rated origination categories.<\/p>\n\n\n\n

Learn more about Bondora investment products here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

After forecasting growth in last month’s post, Bondora originations increased exceptionally in May. After totaling \u20ac9,224,428 in April, originations came to \u20ac10,421,636 over the month, a strong 13.0% growth rate. Breakdown by country Bondora continues to only provide originations in Estonia and Finland in 2021, although we’re anticipating reopening the Spanish market soon. Both countries’ […]<\/p>\n","protected":false},"author":11,"featured_media":63896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[103,106],"class_list":["post-63893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats-and-data","tag-english","tag-marketpricing"],"acf":[],"featured_image":null,"categories_names":["Stats & Data"],"category_name":"Stats & Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/63893","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=63893"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/63893\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=63893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=63893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=63893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}