Bondora returns exceed targets in the year to date

European peer-to-peer lending platform Bondora has reported “robust and reliable growth” across its different loan portfolios, with yearly returns exceeding their targets in the year to date.

In May, the actual rate of Bondora’s yearly portfolio performance increased from 13.3 per cent to 14.6 per cent – almost five per cent above its target rate of 9.7 per cent.

Every market on the Bondora platform increased its returns during May. Spain exceeded its target by 3.2 per cent, Estonia by 4.8 per cent, and Finland by 4.9 per cent.

Read more: Bondora passes 200,000 investors

Loans originated in 2021 have also exceeded their targets by 5.5 per cent in May 2o22, although this figure was 0.1 per cent lower than the previous month.

Meanwhile, 2020 originations saw returns decline by 0.2 per cent in May, but they are still exceeding their targets by 2.7 per cent, thanks largely to the strong performance of the Estonia portfolio. Estonian loans originated in 2020 exceeded their target by 8.3 per cent in May 2022.

Read more: Bondora reports record May with €2.2m recovered

The P2P lender said that it has met and exceeded its target returns for the past nine quarters, “and we’re thrilled about that.”

“Of those nine quarters, most are performing at more or less the same level, indicating stability,” a platform spokesperson added.

“Overall, things continue to look good for our three loan markets, especially for the first quarter of 2022.

“The yearly return rates for all three markets outperformed their targets and increased their growth rates from April, indicating good things to come as we approach the end of the second quarter of 2022.

“The quarterly return rates from the first quarter of 2020 to the first quarter of 2022 continue to exceed their target rates, despite some up and down movement.”

Read more: Bondora aims for one million active customers