{"id":73955,"date":"2021-09-21T11:00:00","date_gmt":"2021-09-21T08:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=73955"},"modified":"2021-09-21T11:00:00","modified_gmt":"2021-09-21T08:00:00","slug":"massive-wave-of-increased-collections-recoveries-in-august","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/massive-wave-of-increased-collections-recoveries-in-august\/","title":{"rendered":"Massive Wave of Increased Collections & Recoveries in August"},"content":{"rendered":"\n

Both the number of loans recovered and the amount of cash recovered from missed payments jumped higher in August. This is the opposite of the trend in July<\/a>, which saw these two figures going in opposite directions.<\/p>\n\n\n\n

\"Bondora
Bondora had a massive wave of increased collections & recoveries in August.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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

With 74,261 missed payments recovered in August, there was a 2.4% month-over-month increase in recoveries. This month, all recovery stages had more recoveries, with in-house collections experiencing the most significant jump of 9.7% to 13,742. This was also true of recoveries by country, which was higher across the board. Estonian recoveries grew by 4.4%, Spanish recoveries by 0.2%, and Finnish recoveries by 1.2%.<\/p>\n\n\n\n

\"Recoveries
Recoveries by the count of loans \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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

Cash recoveries<\/h2>\n\n\n\n

The amount of cash recovered this month surpassed the \u20ac1 million mark, coming in at \u20ac1,020,102. This represents a 15.3% increase from July and puts the average missed payment recovery at \u20ac13.74 compared to \u20ac12.20 the month before. This was led mainly by Bailiff collections, which were 19.7% higher, and Rare case recoveries, where 62.1% more cash was recovered. Interestingly, there was a negligible amount of cash recovered from the In-house collection stage.<\/p>\n\n\n\n

\"Recoveries
Recoveries by cash flow \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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

Yearly recovery rate<\/h2>\n\n\n\n

In another trend reversal, the cumulative yearly recovery rate rose to 42.5% from 42.2% in July. This was led by growth in recoveries from the past three years, with 2021 growing by 0.5% to 53.6%. In fact, of the eight years of recoveries recorded, six of those years had higher returns in August. This type of steady growth across the board is a welcome sign for Bondora investors.<\/p>\n\n\n\n

\"Recovery
Recovery rate \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

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

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

Recoveries for missed Finnish loan payments were strong over the past several years. This was most impressive as missed payment recoveries for Finnish originations grew for every year across the board:<\/p>\n\n\n\n