Financial performance of Bondora Group

Bondora sustained rapid growth in 2018. Bondora Group’s revenues were EUR 10,311,268 in 2018 and ended the financial year with a profit. Revenue increased by 51% driven by sustainable growth in issued loans that itself was supported by product development and marketing improvements aimed at retail investors. Loans issued reached 60.8 million euro, a 74% increase over the previous financial year.
We believe this is as a result of creating a platform where all parties can find value, our borrowers have access to affordable loans and investors earn a return all within an evolving business model.

In comparison, in 2017 Bondora Group’s revenues were EUR 6,850,500 and financial year ended with a net profit of 137 thousand euros driven by a significant increase in turnover and cost-effectiveness achieved through the optimization of its operations. In 2016, Bondora Group’s revenues were EUR 4,176,903 and its net loss was EUR 1,443,847. In 2015, revenues were EUR 2,464,849 and the net loss was EUR 1,852,783 where Bondora Group’s loss was mainly attributed to a considerable growth in personnel and marketing expenses. The Group is focused on maintaining its growth, an increase in originations and revenue is expected in 2019. Whilst the Group does not currently focus on profitability, the management targets a slight increase in the absolute net profit for 2019. The continued growth will be driven by improvements to the risk levels of the loan portfolio, increased efficiency of the debt collection process, optimization of marketing channels and product improvements aimed at retail investors.

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


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