Hypoport AG

EANS-News: Hypoport AG and Santander Bank expand collaboration


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Joint Ventures/Cooperation/Collaboration


Berlin, 13 June 2012 (euro adhoc) - Santander Bank - a branch office of
Santander Consumer Bank - and Hypoport AG have decided to expand their
collaboration further. Santander Bank - which provides retail banking services -
will in future use the support of Hypoport's EUROPACE technology to offer its
customers a product mix comprising its own loans as well as the extensive
product ranges of third-party institutions. This will enable it to deliver
appropriate financing solutions for its customers under a best-advice approach. 


Santander Bank already uses the EUROPACE platform to process its own property
finance business. Santander Bank and Hypoport AG are now set to expand their
existing business relationship further. Thilo Wiegand, a member of the
Management Board of Hypoport AG, is convinced of the merits of this alliance:
"Santander will significantly increase Hypoport's platform business and the
volume of services that it delivers as a technology leader and financial service
provider." 

Mix of proprietary and third-party products; property finance solutions 
The EUROPACE platform supports Santander Bank's sales and aftersales processes.
In future, the bank will use the support of Hypoport's EUROPACE technology to
offer its customers a product mix comprising its own loans as well as the
extensive product ranges of third-party institutions. This will enable it to
deliver solutions for its customers under a best-advice approach. 
Having generated a transaction volume of some EUR21 billion in 2011, EUROPACE is
the ideal platform for the processing and brokerage of mortgages, building
finance agreements, personal loans and payment protection policies in Germany.
It therefore provides Santander Bank with access to all relevant product
suppliers in the market. 

Using Hypoport's expertise and further services
A team of financing specialists at Hypoport AG will handle the processing of
loan applications, thereby substantially improving the efficiency of product
brokerage for third parties. Hypoport will also perform all platform management,
including the management of third-party banks. Santander Bank and Hypoport will
work closely with each other during the rollout and subsequent refinement of the
relevant processes. 


Information on Santander Bank 
Santander Consumer Bank is a prominent provider of financial services for retail
customers and is also Germany's largest non-captive financier of cars,
motorbikes and motorhomes. In addition, it is the leading consumer finance
provider in Germany, offering a comprehensive range of traditional banking
products through its nationwide network of more than 350 branches, via its
TeleCenter, and online. Over seven million customers have placed their trust in
Santander Consumer Bank, which is a wholly owned subsidiary of Spain's Banco
Santander. Santander Consumer Bank provides retail banking services under its
Santander Bank brand. 


Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial services.
Europace AG - a wholly owned Hypoport subsidiary - develops and operates
EUROPACE, which is an online financial marketplace and the largest German
platform offering mortgages, building finance products and personal loans. A
fully integrated system links roughly 180 partners - banks, insurers and
financial product distributors. Several thousand users execute over 20,000
transactions worth a total of up to EUR3 billion on EUROPACE every month.
Hypoport AG is headquartered in Berlin, employs more than 500 people and is
listed in the Prime Standard of the Frankfurt Stock Exchange.


Further inquiry note:
Michaela Reimann
Press spokesperson
Phone: +49 (0) 30 42086 1936
Email: 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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