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Financial performance of Bondora Group

Despite an unprecedented year in the global financial markets, Bondora announces its 4th consecutive year of profitability. More than 800 000 people have borrowed over €436M since 2008 to make their dreams come true. You can too!

Bondora 2020 Financial Results

Despite the uncertainty in the market, our loan originations in Estonia remained steady throughout the year, totaling nearly €50M in 2020. At the beginning of the pandemic, we temporarily decided to stop issuing loans in Finland and Spain. Despite demand continuing to increase, Bondora chose to step back and assess the situation. As our risk models are updated continuously, Bondora was able to build any changes in payment behavior into credit risk decisions. An in-depth assessment of the loan portfolio was essential for long-term sustainability.

At the same time, Bondora was able to cut back significantly on operating expenses to maintain profitability. Specifically, we reduced marketing costs substantially in 2020.

After assessing the data and with high confidence in our understanding of the market situation, Bondora restarted issuing loans in Finland toward the latter end of 2020. Originations in Spain are expected to resume in 2021, together with expanding into a new European market.

Along with sustainable origination figures, 2020 was a record year for Bondora in recoveries. We recovered close to €8M throughout the year, which is approximately 50% more than 2019.

The future

Our core focus in 2020 was sustainability. Not only for consistency in our financials but for the customers who use Bondora day-in and day-out. Our priority was to give them certainty in an otherwise turbulent time. Building trust with our community is a lifelong commitment. And on that note, I’d like to thank all our loyal investors for their continued trust and support. You are the visionaries spearheading the financial revolution from the ground up.

Equally important are our people who make everything happen. 2020 would not have been possible without the efforts of every single person in the Bondora team. They’ve all shown incredible grit and persistence to keep pushing in times of uncertainty.

We’ve been meticulous in optimizing our core business, internal tools, and processes. Now we’re gearing up for growth. As well as scaling our existing services for customers across Europe, our sights are set on solving the core problem. The average person cannot invest if they simply have no money to spare. That’s why we’re building a powerful new service for customers that will help them cut their costs and grow their money. All with a couple of clicks. We’ll share more information on this in the coming months.

For more information, please download Bondora Group’s Annual Reports below for free.



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Bondora AS

A.H.Tammsaare tee 47, Tallinn 11316, Estonia
Estonian company number 11483929
EU VAT number: EE101252401

Representative example
A loan of 2,230 over 5 years will cost you € 63.88 per month. Representative 31.74% APR. The total amount payable over 5 years is € 3,962.53, which includes € 1,156.73 interest at 17.85% fixed and a €445.8 account management fee. A €130 contract fee will be collected immediately after loan is paid out. The total charge after 5 years is €1,732.53. The total amount of credit is 2,230. The rate you are offered will depend on your individual circumstances. Please examine the terms and conditions of our financial service and consult an expert if necessary.

Our loan terms
Loan amount from 500€ to 10000€. Repayment period from 3 to 60 months. Annual Percentage Rate (APR) from 31.74% to 61.56%. The rate you are offered will depend on your individual circumstances.