{"id":69535,"date":"2021-08-23T11:00:00","date_gmt":"2021-08-23T08:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=69535"},"modified":"2021-08-23T11:00:00","modified_gmt":"2021-08-23T08:00:00","slug":"bondora-originations-continue-to-top-previous-months","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/bondora-originations-continue-to-top-previous-months\/","title":{"rendered":"Bondora Originations Continue to Top Previous Months"},"content":{"rendered":"\n

It\u2019s seven months and counting of monthly increases to Bondora originations. <\/strong>And in July, a total of \u20ac11,818,925 in originations puts Bondora another step closer on the path to 1 billion<\/a>, while providing the best customer experience for both borrowers and investors.<\/p>\n\n\n\n

\"Building
Building on the success of each previous month, the numbers continue to rise.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Country breakdown<\/h2>\n\n\n\n

In July, originations grew by 7.1% over June, to a total of \u20ac11,818,925. And while Estonian originations fell slightly from June\u2019s figures<\/a>, it was originations out of Finland that showed the most strength. Finnish originations accounted for 35.5% of all Bondora originations in the month, compared to 30.6% last month, totaling \u20ac4,192,237. This represents a strong 24.3% month-over-month growth for Finnish originations.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Not only did the interest rate on Estonian AA-rated originations rise\u2014from 11.3% to 11.4%\u2014 their share in total loans originated followed suit. AA-rated loans came to \u20ac1,105,920 in July, a whopping 105.7% increase. This brought the total share of such originations from 4.9% to 9.4%. Similarly, A-rated Estonian originations were also on the rise, growing by 66.1% on the month.<\/p>\n\n\n\n

These increases came at the expense of lower-rated Estonian originations, which decreased across B-, C-, D-, and E-rated loans. On the flip side, F-rated originations were higher by 218.5%, garnering 5.1% of all originations on the month.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Loan amounts<\/h2>\n\n\n\n

For the third consecutive month, the average loan amount for Estonian originations were lower. This time, originations were down by 1.3% to an average of \u20ac2,708. Finnish originations had the opposite trend, rising by 4.5% to \u20ac2,547.<\/p>\n\n\n\n

\"Average
Average loan amount \u2013 July 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Loan duration<\/h2>\n\n\n\n

Estonian originations averaged 56 months for the second consecutive month in a row. Finnish originations were also consistent with last month, with an average 55-month duration.<\/p>\n\n\n\n

\"Loan
Loan duration \u2013 July 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

As expected from the consistency of average durations, the number of originations by length did not change in any material way. Estonian originations with a 60-month duration fell slightly from 77.0% to 76.3%. In Finland, the opposite trend took place: 60-month originations grew from a 73.9% share to 74.9%. Other changes in originations by duration were all within 1.0% of their proportional rates when compared to June.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

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

The average age of Bondora borrowers remains unchanged across both originating countries. The average Estonian borrowers remains 37-years old, while Finnish borrowers are still an average of 45-years old.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Income<\/h2>\n\n\n\n

Over the past few months, the average income for Estonian borrowers has swayed greatly. After rising by 55.1% in June, income for Estonian borrowers dropped again in July by 39.9% to \u20ac1,362. Alternatively, Finnish borrowers saw an increase in income to \u20ac3,261. This is a 7.3% month-over-month growth rate.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

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

The biggest increase in Estonian borrowers\u2019 education came at the vocational school level; 24.1% of Estonian borrowers attained this education level, compared to 23.0% last month. Alternatively, the lowest level of education, junior high school, decreased to 18.6% of Estonian borrowers from 19.4% a month ago.<\/p>\n\n\n\n

Finnish borrowers, on the other hand, saw a reversal of that trend, with vocational school education dropping by 4.1% to 48.4% of borrowers. This caused an increase in the proportion of borrowers across all other education levels.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

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

In July, the average Bondora borrower tended to have a longer employment history. Employment for more than 5 years grew to 33.9% from 33.0% of all borrowers, and those employed up to 5 years were also higher by 0.7% to 32.2%. Retirees still make up the lowest rate of Bondora borrowers, at 6.3%.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Homeownership<\/h2>\n\n\n\n

Homeowners are still the most prevalent borrowers on Bondora, making up at 42.3% of all borrowers. However, in July, the biggest shift was tenants, who after accounting for 39.7% of borrowers in June totaled only 21.7% of borrowers this month. On the flip side, those with a housing status of \u201cOther\u201d grew to 15.0% from 6.1% of all borrowers last month.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Verification<\/h2>\n\n\n\n

For the second consecutive month, 100% of borrowers from Finland were verified by Bondora. As for Estonian borrowers, the verification rate came in at 96.7% compared to 95.7% last month.<\/p>\n\n\n\n

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

<\/p>\n\n\n\n

Nothing is certain, except more Bondora originations<\/h2>\n\n\n\n

July was another month of growth for loan originations on the Bondora platform. This month\u2019s 7.1% origination growth rate put July\u2019s total at \u20ac11,818,925. This was led by AA-rated Estonian originations that jumped by 105.7%, and A-rated originations, which also had a strong growth rate of 66.1%.<\/p>\n\n\n\n

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

It\u2019s seven months and counting of monthly increases to Bondora originations. And in July, a total of \u20ac11,818,925 in originations puts Bondora another step closer on the path to 1 billion, while providing the best customer experience for both borrowers and investors. Country breakdown In July, originations grew by 7.1% over June, to a total […]<\/p>\n","protected":false},"author":11,"featured_media":69536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[103,106],"class_list":["post-69535","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\/69535","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=69535"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/69535\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=69535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=69535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=69535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}