EANS-News: Hypoport AG Europace: Almost EUR15 billion in first half of 2012
Increase in usage numbers is reflected in transaction volume
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Financial Figures/Balance Sheet/Volume of transactions
Berlin (euro adhoc) - Press release
Volume of transactions in Q2 2012
EUROPACE: Almost E15 billion in first half of 2012
Increase in usage numbers is reflected in transaction volume
Berlin, 18 July 2012: Transactions with a combined value of E7.33 billion were
processed on the Europace financial marketplace platform in the second quarter
of 2012. The increase of 57 per cent on the same period of last year is
attributable to a significant increase in the number of transactions involving
mortgage finance and building finance products.
"The original division of functions between financial product distributors and
product suppliers has become increasingly blurred. Banks, insurance companies
and building finance associations are increasingly taking advantage of the
opportunities offered by Europace to tailor their financing transactions
flexibly in accordance with their own specific needs, objectives and policies.
The primary consideration is to deliver what the customer wants," commented
Thilo Wiegand, a member of Europace AG's Management Board. This leads to
increased usage of the marketplace. The fact that financing terms for domestic
properties in Germany remain extremely favourable is also driving up the level
of business. The volume of transactions processed on Europace increased by 57
per cent on the same period of last year to a total of E7.33 billion (Q2 2011:
E4.63 billion). In the first half of 2012, the same volume of business has been
brokered via Europace as during the entire year in 2010.
Compared to the same period in 2011, the volume of mortgage finance transactions
increased by 56 per cent to E5.84 billion (Q2 2011: E3.67 billion). The volume
of personal loan transactions was down by around E30 million on the same period
of the previous year at E0.28 billion (Q2 2011: E0.31 billion). Building finance
products contributed E1.21 billion to the total volume. In comparison with the
same period of 2011, the volume of building finance transactions increased by 93
per cent (Q1 2011: E0.65 billion).
The press release could be downloaded on the following website:
www.tinyurl.com/volume-of-transactions
Information on Europace AG
Europace AG operates EUROPACE, which is an online B2B financial marketplace and
the largest German transaction 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 E3 billion on
EUROPACE every month. Based in Berlin, Europace AG is a wholly owned subsidiary
of Hypoport AG, which employs more than 500 people and is listed in the Prime
Standard of the Frankfurt Stock Exchange.
Further inquiry note:
Michaela Reimann
Press spokesperson
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