Bondora’s 2021 returns beat their target rates
Bondora has achieved a yearly return rate for 2021 that beat its target expectations.
The European peer-to-peer lending platform’s actual overall yearly return rate for 2021 increased by 0.1 per cent to reach 15 per cent, outperforming the target rate by 5.5 per cent.
Last year, loans originated in Estonia, Spain, and Finland all exceeded their performance and every quarter outperformed their targets.
The first quarter had the strongest rate with 17.3 per cent, beating its 10.2 per cent target by 7.1 per cent.
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The second quarter produced 16.1 per cent in returns, up from the 9.6 per cent target, the third quarter had 13.7 per cent, compared to the 8.9 per cent target, and the fourth quarter had 11.5 per cent in returns, outperforming the 9.4 per cent expectation.
Breaking it down by country, Finnish loans beat their target rates in the first three quarters of 2021 but underperformed in the last quarter of the year. Meanwhile, Estonian loans were far above their targets from the third quarter in 2020 until the same quarter last year.
Meanwhile, Spain was the only country to outperform its target in the last quarter of 2021, exceeding it by 3.1 per cent.
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“2022 starts on a high note, as the portfolio for the last quarter of 2021 has increased its stronghold,” Bondora said in a blog on its website.
“All four quarters of 2021, as well as 2020, exceeded their targets.
“The yearly return rates for 2021 also outperformed the target rate by 5.5 per cent. The Estonian portfolio performance remains a force to be reckoned with, and we’ll see how it performs in the coming quarter.”