Bondora achieves “solid start” with Q1 originations
Bondora has reported a “solid start” to the year with the annual return rates for loans originated in the first quarter outperforming their targets across all three markets.
The European peer-to-peer lending platform, which operates in Estonia, Finland and Spain, said that the first-quarter cohort is outperforming its target of 10.6 per cent by one per cent.
And on an annual basis, the portfolio performance for 2022 is “looking good”, Bondora said, with the actual rate of 11.2 per cent beating its target by 1.5 per cent.
All three markets are surpassing their yearly targets: Estonia by one per cent, Finland by 2.3 per cent and Spain by 1.6 per cent.
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“The first look at the 2022 first quarter portfolio performance begins the year positively,” Bondora said in a blog on its website.
“The quarterly return rates’ increases skyrocketed, with 2021 fourth quarter growing the most. All four quarters, along with 2022 first quarter, exceeded their targets.
“The yearly return rates for all three markets are outperforming their targets. All three countries are performing well, with the Spanish and Finnish portfolios gaining impressive momentum.”
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