Bondora has published an update on the loan portfolio linked to Go & Grow. The report includes data up to June 2026 on active loans, twelve-month default probability, concentration in Finland, and long-term recovery estimates.
Bondora has updated the loan portfolio statistics
linked to Go & Grow with information available up to June 2026. The
report, published on July 13, gathers metrics on active loans,
delinquency, probability of default during the first twelve months,
debt recovery and expected internal rate of return.
The company itself reminds that Go & Grow does not directly grant the
loans, but its operation is related to the performance of the
portfolio originated and managed by Bondora Group. The figures are
relevant for evaluating the product, although they come from the company and
combine historical results with projections.
Nearly 80% of loans remain active
Bondora states that nearly 80% of loans have remained active in
the periods analyzed and that delinquency levels in the different ranges
of vintage show limited variations. The company also notes that
a growing proportion of new operations is concentrated in
risk categories AA to C.
The percentage of active loans does not represent a repayment rate nor
does it alone allow calculating the portfolio’s profitability. To assess its
meaning, it would be necessary to know the principal balance of each group, the
age of the cohorts and the distribution of loans
that are restructured or delinquent.
Bondora updates some metrics quarterly and others annually. The
report should be read considering the cutoff date of each chart and
not as a uniform snapshot of all indicators on the same day.
Finland represents approximately 60% of the portfolio
Finland continues to be Bondora’s main market and concentrates
approximately 60% of the total portfolio. This exposure makes the
evolution of Finnish risk a particularly relevant factor for
overall performance.
The company highlights an improvement in the PD12 indicator, which measures the proportion of
loans that enter default during the first twelve months from their
origination. In Finland, PD12 is said to have decreased from 14% for the cohort
of the third quarter of 2023 to 8.3% for that of the first quarter of 2024.
Bondora warns that data for the Q3 2025 cohort
will not be available until after Q3 2026, when
the twelve-month observation period is completed. This temporal limitation
is important: the most recent cohorts cannot yet
be fully compared with earlier ones.
What Bondora considers a default
The company classifies a loan as defaulted when payments are
more than 90 days overdue and the customer’s contract has been terminated due to
default. Entering default does not necessarily mean that the entire
principal is lost, because from that point onward the process of
recovery.
Bondora states that in some markets it can recover up to 70% of the
defaulted amount. To illustrate its ten-year estimates, it calculates
principal recoveries of EUR 667 for every EUR 1,000 defaulted in
Estonia, Latvia and the Netherlands, and EUR 689 in Finland.
These amounts are projections based on historical data.
In newer markets, such as Latvia and the Netherlands, the company uses
comparable information from other countries and initial trends. The
Effective results may vary by cohort, legislation, borrower’s
situation and duration of the procedure.
During the first three years after default, Bondora estimates the
typical recovery between 31% and 54% of the outstanding principal,
depending on the country. The rest may take several years to materialize or
may not be recovered at all.
The projected IRR remains above the Go & Grow target
Bondora calculates a projected IRR for the portfolio by combining
historical performance, expected defaults, and estimated
recoveries. According to their model, this rate has remained above the
Go & Grow target return of up to 6% per year over the
past years.
The mentioned IRR is a projection of the underlying portfolio, not the
contractually guaranteed return for each user. Additionally, the liquidity
that allows fund withdrawal under normal conditions depends on separate
management and may be affected in adverse market situations.
The difference between the projected portfolio return and the target
serves as a margin to absorb costs, defaults, changes in
recoveries and liquidity needs. Without financial information
complete it is not possible to determine how much margin exists at any given time nor
how it is distributed among the different product functions.
What investors should watch for
The report improves the information available on the portfolio, especially
by explaining the definition of default, geographic concentration, and
recovery methodology. However, it does not replace an independent verification
nor a complete breakdown by cohorts and balances.
Investors should monitor Finland’s PD12, the evolution of
the most recent markets, actual recoveries versus estimated
and any changes to Go & Grow withdrawal conditions. Also
it will be relevant to check whether the Finnish concentration decreases or
remains around 60%.
Historical, estimated or target returns do not guarantee
future results. Recovery projections may change and a
portion of the invested capital could be lost.
Source
This news was prepared based on information originally published
by Go & Grow / Bondora Group on July 13, 2026.
Original publication:
https://goandgrow.eu/en/blog/bondora-loan-portfolio-statistics-2026-a-transparency-report/
Source: https://goandgrow.eu/en/blog/bondora-loan-portfolio-statistics-2026-a-transparency-report/
Informational content. Not personalized financial advice.