{"id":90212,"date":"2022-03-14T13:30:00","date_gmt":"2022-03-14T11:30:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=90212"},"modified":"2022-03-14T13:30:00","modified_gmt":"2022-03-14T11:30:00","slug":"originations-top-e14m-for-2nd-month-and-more","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/originations-top-e14m-for-2nd-month-and-more\/","title":{"rendered":"Originations Top \u20ac14M for 2nd Month, and more!"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">February followed in January&#8217;s footsteps with a similar figure for loan originations. \u20ac14,130,610&#8217;s worth of loans were originated in February. Meanwhile, investors added a total of \u20ac13,938,296 to their Bondora accounts. This is a very slight decline of 1.1% from <a href=\"https:\/\/www.goandgrow.eu\/blog\/january-more-than-e14m-invested-and-originated\/\">January<\/a>, but it&#8217;s still a solid number compared to the last couple of months. Read more:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/image-886.png\" alt=\"Originations top \u20ac14M for 2nd month, and more!\" class=\"wp-image-90213\" \/><figcaption><em>Originations top \u20ac14M for 2nd month, and more!<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Product funding figures:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Go &amp; Grow &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211; 1.1%<\/strong><\/li><li><strong>Portfolio Manager &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#8211; 3.1%<\/strong><\/li><li><strong>Portfolio Pro &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+ 2.7%<\/strong><\/li><li><strong>API &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; + 9.6%<\/strong><\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-1-22.png\" alt=\"Investment by product \u2013 February 2022\" class=\"wp-image-90219\" \/><figcaption><em>Investment by product \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-investment-by-product\">Investment by product<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Again, Go &amp; Grow confirmed its spot as the most popular investment method with a 92.9% bulk share of investments\u2014nearly the same as last month. This translates to \u20ac12,941,210, a 1.1% decrease from January. Portfolio Manager amassed \u20ac558,074 in investments, which is a decline of 3.1%\u2014but at the same time, it remains the 2<sup>nd<\/sup> most popular investment product.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, Portfolio Pro and the API increased their investment funding share. The former with 2.7% and the latter with 9.6%. The percentage share of each product remains the same, indicating a constant trend amongst investors.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-2-19.png\" alt=\"February investment by product\" class=\"wp-image-90225\" width=\"739\" height=\"427\" \/><figcaption><em>February investment by product<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Loan originations<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">February followed in January&#8217;s footsteps with a similar figure for loan originations. \u20ac 14,130,610&#8217;s worth of loans were originated in February\u2014which is a very minimal 1.1% drop. And Estonian and Spanish loans showed positive increases. Here&#8217;s a breakdown of all the origination stats:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Country breakdown<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For the first time in months, Finnish loans didn&#8217;t have a massive increase and instead declined by 15.6%. Their total share dropped from 70.3% to 59.9%. In contrast, Estonian and Spanish originations increased by 30.5% and 90.7%, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the 15.6% decrease, Finnish still make up the largest share of originations by far with \u20ac8,475,554. Estonia is coming in 2<sup>nd<\/sup> place, making up impressive ground with a 30.5% growth rate, with \u20ac5,280,465 originating in February. Spanish loans might make up the smallest amount with \u20ac374,592 being originated, but they have the most impressive growth rate by far\u201490.7%!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In February, average interest rates increased by 0.5 after decreasing by 0.8 in January. This is mainly due to the Estonian average interest rate that increased from 21.71% to 22.11%. Once again, the changing Estonian interest rate had the biggest influence on the average interest rate across all three markets. Once again, the average Spanish interest rate remains practically unchanged (+0.02%), and the average Finnish rate increased by 0.18%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-3-18.png\" alt=\"Origination by country \u2013 February 2022\" class=\"wp-image-90231\" \/><figcaption><em>Origination by country \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spain is still only originating C-rated loans, now making up 2.7% of all loans\u2014almost doubled from January&#8217;s figures. On the other hand, C-rated loans in Finland decreased their share by 10.3%. In Estonia, B- and C-rated loans increased their shares by 2.1% and 4.3%, respectively. All the Estonian loan categories&#8217; shares in the total loan portfolio increased.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-4-17.png\" alt=\"Origination by rating\/country \u2013 February 2022\" class=\"wp-image-90237\" \/><figcaption><em>Origination by rating\/country \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan amounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The average loan amount for all three markets decreased; Estonia by 0.1%, Spain by 6.6%, and Finland by 6.9%. This is the 5<sup>th<\/sup> month in a row that Estonian loan amounts have declined. Spain has the highest average loan amount with \u20ac2,583, followed closely by Finland with \u20ac2,559. But it&#8217;s fair to say that all three countries&#8217; average is reasonably close to one another.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-5-12.png\" alt=\" Average loan amount \u2013 February 2022\" class=\"wp-image-90243\" \/><figcaption><em>Average loan amount \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan duration<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">All in all, these three markets have very similar loan duration lengths. Estonia was the only country to mark a change in February, increasing by one month. Spain and Finland hold the same position.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-6-8.png\" alt=\"Loan duration \u2013 February 2022\" class=\"wp-image-90249\" \/><figcaption><em>Loan duration \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As has become customary, 60-month loans are the most popular across all markets by far. This duration consistently has the overwhelming majority in each country. In Estonia, 1,719 loans were issued in this category, in Spain 113, and Finland 2,517. 24-month loan durations are the 2<sup>nd<\/sup> most popular in Estonia and Finland.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-7-7.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-7-7.png\" alt=\"Number of loans per loan duration \u2013 February 2022\" class=\"wp-image-90255\" width=\"553\" height=\"464\" \/><\/a><figcaption><em>Number of loans per loan duration \u2013 February 2022<\/em> <em>(Click to enlarge)<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Average age<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Finland continues to have the same average age as we&#8217;ve seen over the last few months. Spanish borrowers tend to be 39 years old\u2014a 3-year increase from January. In Estonia, the average borrower age dropped by 1 year to 37 years old. Finnish borrowers remain the oldest.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-8-7.png\" alt=\"Average age \u2013 February 2022\" class=\"wp-image-90261\" width=\"548\" height=\"344\" \/><figcaption><em>Average age \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Income<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The average net income of borrowers decreased across all markets, with Estonian borrowers having the most significant drop, falling by 24.3%. In Spain, their net income decreased by 12.8% and in Finland by a less dramatic 4.8%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-9-5.png\" alt=\"Average net income \u2013 February 2022\" class=\"wp-image-90267\" \/><figcaption><em>Average net income \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Education<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In February, borrowers&#8217; education status remains similar to January. Most borrowers have High school (41.4%) and Vocational school qualifications (23.5%). The majority of Finnish-based borrowers have Vocational school qualifications (53.3%), followed by University degrees (23.5%). And in Spain, high school education makes up most of the borrowers (48.3%), followed by those with a university degree (42.1%).<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-10-4.png\" alt=\"Education \u2013 February 2022\" class=\"wp-image-90273\" \/><figcaption><em>Education \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Employment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The employment statistics remain very consistent with previous months. The majority of borrowers (2,010) are employed for more than 5 years. Those employed for up to 5 years accounted for the 2<sup>nd<\/sup> largest share of all borrowers (1,607). Retirees are still the least populated segment, accounting for just 401 borrowers.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-11-3.png\" alt=\"Employment \u2013 February 2022\" class=\"wp-image-90279\" \/><figcaption><em>Employment \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Homeownership status<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In Estonia, most borrowers (39.7%) own a home, as opposed to 24.2% who rent. In Spain, we see almost the opposite as the majority (42.1) are tenants and only 6.2% own property. The second-biggest category in Spain is &#8216;living with parents&#8217; (24.1%). In Finland, borrowers who classify as homeowners make up 45.1%. The 2<sup>nd<\/sup> largest category is tenants, which makes up 38.4%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-12-3.png\" alt=\"Homeownership status \u2013 February 2022\" class=\"wp-image-90285\" \/><figcaption><em>Homeownership status \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Verification status<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Spain maintained its 100% verification rate for the 6<sup>th<\/sup> month in a row and Finland for its 2<sup>nd<\/sup> month. Estonia&#8217;s verification rate decreased by 0.1% to 99.5%. This brings the total verification rate to 99.8%\u2014up 0.1% from January.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-13-2.png\" alt=\"Verification status \u2013 February 2022\" class=\"wp-image-90291\" \/><figcaption><em>Verification status \u2013 February 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Originations and investments continue on a solid path<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">February&#8217;s origination and investments continue us on the road of growth for 2022. Estonian and Spanish origination growth is particularly exciting. With just over \u20ac14M being originated and nearly the same amount invested, we are confident in the performance of the Bondora portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>February followed in January&#8217;s footsteps with a similar figure for loan originations. \u20ac14,130,610&#8217;s worth of loans were originated in February. Meanwhile, investors added a total of \u20ac13,938,296 to their Bondora accounts. This is a very slight decline of 1.1% from January, but it&#8217;s still a solid number compared to the last couple of months. Read [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":90213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[103,106],"class_list":["post-90212","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 &amp; Data"],"category_name":"Stats &amp; Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/90212","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=90212"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/90212\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=90212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=90212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=90212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}