{"id":99605,"date":"2022-08-29T13:00:00","date_gmt":"2022-08-29T10:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=99605"},"modified":"2022-08-29T13:00:00","modified_gmt":"2022-08-29T10:00:00","slug":"investments-and-originations-grow-again","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/investments-and-originations-grow-again\/","title":{"rendered":"Investments and Originations Grow Again"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">After having a slow month in <a href=\"https:\/\/www.goandgrow.eu\/blog\/slow-summer-month-for-investments-and-originations\/\">June<\/a>, investment and loan origination figures rebounded and increased steadily by 18.7%. This brought both totals to a solid \u20ac15,333,326 in July. This is encouraging to see at the start of Q3. Read more:<\/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\/image-1118.png\" alt=\"Investments and originations grow again.\" class=\"wp-image-99606\" width=\"840\" height=\"560\" \/><figcaption><em>Investments and originations grow again.<\/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\">Investment funding increased by 18.7%, from \u20ac12,913,190 in June to \u20ac15,333,326&nbsp; in July. Interestingly enough, the largest percentage of growth came from Portfolio Manager, Portfolio Pro, and then Go &amp; Grow:<\/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>Portfolio Manager &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+ 20.0%<\/strong><\/li><li><strong>Portfolio Pro &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+ 19.0%<\/strong><\/li><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;+ 18.7%<\/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;&nbsp;+ 0.8%<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">But this growth does not reflect the percentage shares of each investment product. Go &amp; Grow had the largest share of overall funding, making up 96.9% of all investments (\u20ac14,859,190). Portfolio Manager remains the 2nd&nbsp;most popular product with \u20ac274,585, Portfolio Pro follows with \u20ac197,634, and the API trails with \u20ac1,917.<\/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\/Investment-by-product-table_July.png\" alt=\"Investment by product \u2013 July 2022\" class=\"wp-image-99612\" \/><figcaption><em>Investment by product \u2013 July 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">July continues on the same share distribution as June, with Go &amp; Grow making up the bulk 97%, and the other 3 investment products each making up 1%. A total of \u20ac15,333,326 was invested.<\/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\/Investment-by-product-chart_July-1.png\" alt=\"Investment by product \u2013 July 2022\" class=\"wp-image-99618\" \/><figcaption><em>Investment by product \u2013 July 2022<\/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\">After weakening in June, loan originations grew strongly in July, rebounding by 18.7% to \u20ac15,333,326. The average interest rate dropped from 22.3% to 21.6%. 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\">All three markets increased, with Spain having the most noticeable growth, increasing by 75.6% to \u20ac 633,459&#8217;s worth of originated loans. We&#8217;re happy to see this rebound in the Spanish market. Spain&#8217;s share increased to 4.1%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finland&#8217;s growth rate was the 2<sup>nd<\/sup> largest, with an increase of 30.2%. Finland still has the most originations (58.1% share), totaling \u20ac8,906,144.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Estonia&#8217;s origination growth rate was the lowest, increasing by 1.5% to \u20ac5,793,723 in July. However, it has the 2nd largest share of originations (37.8%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The average interest rate dropped from 22.3% to 21.6%, which showed slightly more fluctuation than last month&#8217;s 0.1% change. The average Spanish interest rate remained the same. But this month, Estonia and Finland both showed decreases.<\/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\/Loan-Originations-by-Country_July.png\" alt=\"Origination by country \u2013 July 2022\" class=\"wp-image-99624\" \/><figcaption><em>Origination by country \u2013 July 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">C-rated loans remain the most prominent risk-rating in all our other loan markets. Estonia&#8217;s C-rated share decreased from 17.4% to 14.9%. In Finland, it increased from 42.4% to 43.2%. Because we only originate C-rated loans in Spain, this rating category is identical to the Spanish market&#8217;s performance. It did show promising growth from June, and we hope it continues to scale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This month, D-rated loans in Finland continue to increase significantly, from 7.0% to 12.0%. In Estonia, the biggest change was noted in the E-rated category, which dropped from a 3.1% share to 0.6%.<\/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\/Share-by-rating-country-and-amount_July.png\" alt=\"Origination by rating\/country \u2013 July 2022\" class=\"wp-image-99630\" \/><figcaption><em>Origination by rating\/country \u2013 July 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\">Once again, we see an increase in the average loan amount across all three markets. In Spain, it increased by 4.4%, in Estonia by 7.6%, and in Finland by 11.3%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And as usual, Finland also has the highest loan amount of \u20ac3,541. This month, Spain took 2<sup>nd<\/sup> place from Estonia with \u20ac3,030. And Estonia now has the lowest average loan amount with \u20ac2,919.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-amount-E_July.png\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-amount-E_July.png\" alt=\"Average loan amount \u2013 July 2022\" class=\"wp-image-99636\" \/><\/a><figcaption><em>Average loan amount \u2013 July 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\">Estonia still has the longest average loan duration of 58 months, with no changes. Spain and Finland&#8217;s average loan durations increased by one month to 57 months.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-duration_July.png\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-duration_July.png\" alt=\"Loan duration \u2013 July 2022\" class=\"wp-image-99642\" \/><\/a><figcaption><em>Loan duration \u2013 July 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 always, 60-month loans are the most popular option for all our borrower markets. It has a steady majority in each country: Finland, 2,176; Estonia, 1,595; and Spain, 190. This month, 24-month and 48-month loans are tied in 2<sup>nd<\/sup> place, with Spanish-based customers opting for longer loan durations. In Estonia, the 48-month loan duration is the 2<sup>nd<\/sup> most chosen option. And in Finland, 24-month loan durations are the 2<sup>nd<\/sup> most popular.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Number-of-loans-per-duration-in-months_July-1.png\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Number-of-loans-per-duration-in-months_July-1.png\" alt=\"Number of loans per loan duration \u2013 July 2022\" class=\"wp-image-99648\" \/><\/a><figcaption><em>Number of loans per loan duration \u2013 July 2022<\/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\">This is quite the change. In all three markets, the average borrower is in their 40s. In Spain and Estonia, the average age increased to 40; in Finland, it remained constant at 41. Finland&#8217;s average borrowers remain the oldest by one year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-age_July.png\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-age_July.png\" alt=\"Average age \u2013 July 2022\" class=\"wp-image-99654\" \/><\/a><figcaption><em>Average age\u2013 July 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\">In July, all three markets showed slight increases in the borrower&#8217;s average net income. Estonian borrowers continue to have the lowest average monthly net income, increasing by 7.5% to \u20ac1,761. Spanish borrowers&#8217; average income increased by 5.5% and is now \u20ac1,597 per month. Finnish borrowers have the highest average income by far, increasing by 0.9% to \u20ac2,822 per month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-net-income-E-P.M._July.png\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-net-income-E-P.M._July.png\" alt=\"Average net income \u2013 July 2022\" class=\"wp-image-99660\" \/><\/a><figcaption><em>Average net income\u2013 July 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\">As we saw in previous months, in Finland, most borrowers (52.9%) have vocational school qualifications. This category in Spain is much less populated, accounting for just 2.3%. In Estonia, 25.1% have vocational school qualifications. But, in these two markets, high school qualifications make up the majority, 47.9% and 41.5%, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking at the overall statistics, vocational schools make up the majority (39.1%) due to Finnish borrowers making up the largest percentage of borrowers overall.<\/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\/Education_July.png\" alt=\"Education \u2013 July 2022\" class=\"wp-image-99666\" \/><figcaption><em>Education \u2013 July 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\">Continuing the trend, the employment statistics remain similar. 39.2% of borrowers (up from 35.7%) are employed for more than 5 years. Those employed for up to 5 years account for the 2<sup>nd<\/sup> most significant share of all borrowers (29.3%). And retired is still the least populated segment, accounting for just 5.1% of 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\/Employment-duration_July.png\" alt=\"Employment \u2013 July 2022\" class=\"wp-image-99672\" \/><figcaption><em>Employment\u2013 July 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\">Once again, most Bondora borrowers are homeowners, accounting for 40.0%. This is mainly due to the high percentage of homeowners in Estonia (44.8%) and Finland (38.2%). Interestingly, Tenant is the most popular status in Finland (45.9%). In Spain, Homeowners make up only 18.0%, and the most popular category is tenants (29.5%).<\/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\/Home-ownership_July.png\" alt=\"Homeownership status \u2013 July 2022\" class=\"wp-image-99678\" width=\"836\" height=\"213\" \/><figcaption><em>Homeownership status \u2013 July 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\">The overall verification rate in June was 99.3%, down 0.3% from June. This month, we only have a few unverified borrowers in Estonia and Finland. Spain is the only market with a 100% verification rating. Estonia has a 98.4% rating, and Finland has a 99.9% rating.<\/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\/Verification_July.png\" alt=\"Verification status \u2013 July 2022\" class=\"wp-image-99684\" \/><figcaption><em>Verification status \u2013 July 2022<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Investments and originations are on the rise<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">We&#8217;re happy to see Q3 off to a good start as origination and investment figures rebounded from their slow summer in June. Once again, most statistics remained relatively consistent, with slight variations. Most notably, the average borrower across all markets had an increase in net income and is all in their 40s. Investment funding also increased by 18.7% to \u20ac15,333,326, with Go &amp; Grow accounting for just under \u20ac15M.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After having a slow month in June, investment and loan origination figures rebounded and increased steadily by 18.7%. This brought both totals to a solid \u20ac15,333,326 in July. This is encouraging to see at the start of Q3. Read more: Investment by product Investment funding increased by 18.7%, from \u20ac12,913,190 in June to \u20ac15,333,326&nbsp; in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":99606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[103,106],"class_list":["post-99605","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\/99605","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=99605"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/99605\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=99605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=99605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=99605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}