IN SHORT: The percentage of actual 7+ days overdue CASES that end up defaulting, is roughly around 23%. This is the number you actually should be looking at when figuring out the costs. With current deal structure, risk averse investors who prefer lower risk / higher quality loans, are practically guaranteed to lose money with this deal. […]
NB! Bondora has released some additional details in regards to the process. Last updated 26.03.2016 8 AM. Relevant sections have been marked accordingly. Since the information available is far from complete, any comments on possible misunderstandings or mistakes in the post below are more than welcome and I’ll gladly improve on the analysis accordingly. IN SHORT […]
In the comments of a previous post Jan asked if I’ve done any analyses on the timing of when defaults happen on Bondora. I did one back in October of 2014, but that could be relatively outdated and there’s a lot of new data available today. After some consideration and after reading a similar analysis on […]
Disclaimer: I ran most of the calculations in one long session so can’t really guarantee that all data is entirely 100% accurate and free of any accidental mistakes with filtering or whatnot. Before making any investment decisions, double-check the results and run your own calculations as well. This is essentially what covers the risks of […]
Important! If you find some mistake in the analysis or logic here, let me know in the comments below so I can deal with it. CONSTRUCTIVE criticism and feedback is welcome and encouraged. Key takeaways The logic used by Bondora to claim that Bondora Rating has outperformed expectations, is invalid and misleading. The compared XIRR and Expected Return […]