Bondora beats target with 15.1pc returns from 2021 loans
Bondora has said that returns from its 2021 cohort of loans increased by 0.1 per cent this month, leading to an actual annual rate of return of 15.1 per cent.
This outperformed its target annual return of 9.5 per cent for last year’s originations.
The European peer-to-peer lending platform said that all three markets of Estonia, Spain and Finland performed above their target rates for the fourth quarter of 2021.
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In contrast, the rate of return for 2020 originations continued to decline slightly, by 0.2 per cent this month, Bondora said in a blog post on its website.
However, this still equated to an annual rate of return of 15.6 per cent – beating the target rate for the 2020 cohort by 3.2 per cent.
“The robust Estonian portfolio outperforms its target by 8.6 per cent and subsequently carries the collective 2020 performance,” Bondora said. “The Finnish and Spanish portfolios are both below their target rates.”
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Bondora said that 2022 continues on strong performances across all three markets.
“From the second quarter of 2020 until the fourth quarter of 2021, our quarterly performances exceed target rates,” Bondora added. “The yearly return rates for 2021 also outperformed the target rate by 5.6 per cent.
“The Estonian portfolio performance remains a force to be reckoned with, and the Finnish portfolio is gaining impressive momentum. We’re eager to see how they will perform in the upcoming quarter.”