Bondora investors have seen returns on loans originated in 2020 rise to 17.5 per cent.
The Tallinn-based peer-to-peer lending platform, which lends in Estonia, Spain and Finland, said its 2020 return rate had grown from 17.4 per cent to 17.5 per cent during March 2021.
Bondora’s target rate for 2020 was 12.5 per cent so it outperformed its own expectations.
This was helped by a rise in returns from loans originated in Estonia, which were up from 20.8 per cent to 21 per cent against a target of 11.7 per cent.
For the second consecutive month, all the return rates for the fourth quarter of 2020 continued to grow and exceed their target rates in Estonia, Bondora said.
Returns in Finland and Spain were lower at 9.8 per cent and 15.5 per cent respectively.
Finnish loans were below their target of 13.5 per cent while the aim in Spain was 15.1 per cent.
The platform had exited the Spanish and Finnish markets during the pandemic last year to focus on Estonia.
It re-entered the loans market in Finland during December 2020.
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