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Bondora has reported a decline in activity across the platform in June, after hitting record numbers in May.
The European peer-to-peer lending platform saw a 24 per cent decrease in both secondary market activity and main market activity with just €138,878 (£119,478.05) transacted in total.
Portfolio manager transactions dropped by 30.8 per cent, while manual transactions were down by 24.1 per cent, month-on-month. API transactions were down by 22.4 per cent.
Bondora reported that manual transactions continue to have the largest share of all transactions (49.2 per cent), followed by the API (42.5 per cent) and then portfolio manager, with an 8.3 per cent share.
Loans sold at a premium remained the most popular, despite a 20.7 per cent decrease in June. These loans accounted for 60.7 per cent of all current loan transactions, totalling €66,446.
There was a 22.8 per cent drop in the number of loans sold at par. However, loans sold at a discount made up 3.2 per cent of all loans traded in June, which is 0.5 per cent higher than in May.
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“As has become the norm, the secondary market see-saws in activity, with solid increases in May inevitably inviting decreases in June,” said Bondora, in a blog post to investors.
“Overall, activity declined by 24 per cent to a total of €138,878 transacted. But during these dips, it’s always interesting to see minor irregularities, such as the hyper increased ‘at a premium’ rate for defaulted loan transactions.
“As more investors opt for the hands-free Go & Grow investment method, it’s natural to see a drop in manual buying and selling of loans on the secondary market. But, as the secondary market activity is known to go up and down, let’s see if the activity will pick up again.”
Read more: Bondora returns exceed targets in the year to date
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