We’re excited to share Bondora Group’s 2023 monetary outcomes, with the best spotlight being our seventh consecutive yr of profitability. Final yr was a affluent chapter in our monetary journey, showcasing what’s attainable once you put your prospects first. We’ve not solely sustained development but in addition delivered dependable returns to our traders. Thanks for being part of our journey, and let’s dive into the main points!
Key highlights from our 2023 monetary outcomes
- Income reached €44,4 million
- Internet revenue was €3,4 million
- Loans issued totaled €202,5 million
- €139 million of loans have been issued in Finland and €40,2 million in Estonia
Bondora Group’s 2023 in overview
At Bondora Group, our mission is easy: to assist individuals reside the life they need with much less monetary stress. We provide user-friendly, safe options that make lending and investing accessible and easy. Our providers are absolutely on-line, making it as handy as attainable for our prospects to attain their monetary objectives.
2023 additionally marked the sixth yr in a row that our Go & Develop traders have loved a secure return of as much as 6.75%* p.a. on their funding. We’re pleased with our development and constant earnings, which have empowered us on this sustainable development observe.
With over 16 years of expertise, we offer credit score providers to prospects in Estonia, Finland, the Netherlands, and Latvia. Most of our loans in 2023 got here from Finland.
Bondora Group 2023 Monetary Outcomes Desk
EBITDA – earnings earlier than curiosity, tax depreciation and amortization
Return on fairness (ROE) = internet revenue or loss for the interval / whole fairness
Return on property (ROA) = internet revenue or loss for the interval / whole property
We’re frequently increasing and enhancing our merchandise to achieve extra individuals. Our aim is to have 1 million lively prospects within the coming years. Regardless of challenges within the world fintech market, Bondora Group has continued to hit its development targets.
In 2023, we issued €179 million in loans in Estonia and Finland. We additionally expanded within the Netherlands and entered the Latvian market. Our mortgage origination charges have been €7 million, mortgage administration charges totaled €23.1 million, and income from extra merchandise reached €133 million.
To help this development, we elevated our crew by 28 individuals in 2023, bringing our whole worker rely to a mean of 166. Regardless of these extra bills, we ended the yr with a internet revenue of €34 million.
You may learn the total 2023 Monetary Outcomes Report right here.
