Hypoport AG

EANS-News: Hypoport AG
Approx. EUR100 million brokered on EUROPACE every day

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Company Information


Berlin, 12 October 2011 (euro adhoc) - The volume of transactions generated on
the Europace platform in the third quarter of 2011 topped the EUR6 billion mark
for the first time. The improvement in market conditions and the many years of
capital investment in this platform generated aggregate growth of roughly 38 per
cent compared with the corresponding period of 2010. 

This transaction volume of EUR6.17 billion means that the 160 or so partners
that use the Europace marketplace increased the total volume of new loans
brokered by 38 per cent compared with the third quarter of 2010 (Q3 2010:
EUR4.48 billion). The sharp upturn in the market after the summer months also
generated growth of 33 per cent compared with the previous quarter (Q2 2011:
EUR4.64 billion). 

Uncertainty in financial markets boosts real estate and independent advisers

Growth was fuelled by all three product segments. The volume of mortgage finance
transactions, which is traditionally the strongest driver of growth, advanced by
27 per cent year on year to EUR4.98 billion (Q3 2010: EUR3.91 billion). "The
turmoil in financial markets and the ongoing political wrangling are unsettling
consumers", claimed Thilo Wiegand, the Hypoport AG Management Board member
responsible for Europace, adding: "This situation, coupled with the low level of
interest rates, has triggered a flight to tangible assets - primarily real
estate." In this environment, products such as building finance had increasingly
been used as a form of long-term funding, explained Wiegand, and Hypoport had
therefore sought to sharpen its focus on this product. This approach had enabled
the Company to expand its volume of building finance transactions by 40 per cent
compared with the previous quarter to EUR912 million (Q2 2011: EUR650 million).
This translated into growth of 192 per cent compared with the corresponding
quarter of 2010 (Q3 2010: EUR312 million). Consumers proved to be slightly more
reluctant to take out personal loans: the volume of transactions generated in
this product segment grew by 8.29 per cent year on year to EUR287 million (Q3
2010: EUR265 million).

"The total daily volume of new loans brokered via the Europace marketplace
amounts to some EUR100 million", summarised Wiegand. He explained that the main
reason for this encouraging level of growth - in addition to the aforementioned
factors - was the renewed interest in independent advice. "Many partners on
Europace are independent intermediaries that can provide their clients with the
best offerings in the market because they have access to a wide range of
products", concluded Wiegand. He stressed that independent brokers therefore
made options available that were becoming increasingly important - especially at
a time of turbulent and opaque market conditions.


Further inquiry note:
Michaela Reimann
Group Communications Manager
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de

end of announcement                               euro adhoc 
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company:     Hypoport AG
             Klosterstraße 71
             D-10179 Berlin
phone:       +49(0)30 42086-0
FAX:         +49(0)30 42086-1999
mail:     ir@hypoport.de
WWW:      http://www.hypoport.de
sector:      Financial & Business Services
ISIN:        DE0005493365
indexes:     CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English
 



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