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Hypoport AG

EANS-News: Hypoport AG
Transaction volume Q3 2010: EUROPACE grows by almost a billion

Berlin, 6 October 2010 (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/quarterly report
The volume of transactions
generated by the Europace platform in the third quarter of 2010 grew 
by EUR900 million compared with the corresponding period of 2009. The
Company managed to achieve this impressive result by winning market 
share, successfully implementing its new underlying technology and 
benefiting from benign market conditions. It will underpin this 
encouraging trend by introducing further measures over the coming 
quarters.
Growing by 24.9 per cent compared with the third quarter of 2009, the
volume of transactions generated by the Europace financial 
marketplace in the third quarter of 2010 comfortably exceeded the 
record figure it had achieved in the second quarter of this year. "We
too are highly impressed by the total transaction volume of EUR4.483 
billion that we are reporting for the third quarter of 2010", was how
Thilo Wiegand, a member of Hypoport AG's Management Board, commented 
on this result. By broadly positioning its Europace technology across
all segments of the banking industry, Hypoport AG was able to win 
market share. Wiegand pointed out that the Company had managed to 
generate significant business from the markets of regional 
institutions with which it had forged partnerships. He also stressed 
that Hypoport's new underlying technology provided customers with a 
wider range of products and services because the alternative 
offerings available now enabled it to customise its products so as to
meet all of its clients' individual needs.
Hypoport's mortgage finance business in the third quarter of 2010 
grew by 22 per cent year on year for the aforementioned reasons. 
Wiegand noted that market conditions had also played their part in 
the Company's strong performance: "Following an excellent start to 
the third quarter, a slight rise in interest rates towards the end of
the period gave an additional boost to the turnover generated on the 
platform in September". Building finance products contributed EUR312 
million of the transaction volume generated during the reporting 
period. This business had grown significantly since its introduction 
on the platform and consolidated at a high level at the beginning of 
the third quarter of 2010. Initial indications towards the end of the
period suggested, however, that this business was starting to 
generate modest growth again. The volume of transactions generated by
personal loans in the third quarter of 2010 fell by 23.1 per cent 
compared to the third quarter of 2009 to approximately EUR265 
million. The business volumes achieved by this segment were in line 
with the market as a whole, and Europace was unable to decouple 
itself from this trend in the short term.
Ronald Slabke, the chief executive officer of Hypoport AG, reckons 
that Europace will continue to generate strong growth over the next 
few quarters. "We will extend the successful new functionality of our
mortgage finance business to our personal lending operations. What's 
more, the growing number of suppliers will constantly expand the 
range of products and services available to our customers and further
increase the transaction volumes generated in this business", 
stressed Slabke. He expects the number of product suppliers to have 
risen to around 100 by the end of this year. The Company is also 
engaged in intensive discussions with several attractive partners on 
the use of additional services around its platform.
end of announcement                               euro adhoc

Further inquiry note:

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

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard

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