Bondora has reported a 15.6 per cent cumulative return rate for 2021 originations in August, surpassing its target rate for the year.
The European peer-to-peer lending platform said this return rate was a 0.4 per cent increase from the previous month and 5.7 per cent higher than the target rate for 2021.
Returns from Finnish originations and Estonian originations increased by 0.7 per cent and 0.5 per cent respectively.
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“Bondora investors will be happy about the higher return rates for 2021 originations,” Bondora said in a blog on its website.
“The 0.4 per cent month-over-month growth rate was solid.
“Estonian originations led the way, growing across all rating categories. Estonian AA-rated originations led the pack as they were 10 per cent higher than the previous month.”
Bondora noted that returns for Spanish originations “lagged” but said that this was not an accurate comparison, as the most recent quarter for Spanish originations was the first quarter of 2020.
Although yearly returns rose in August, Bondora saw a slight drop in originations last month after seven consecutive months of increases.