Hypoport AG

EANS-News: Hypoport AG and Ostdeutscher Sparkassenverband are jointly establishing FINMAS, a new financial marketplace for savings banks

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Joint Ventures/Cooperation/Collaboration

Berlin, (euro adhoc) - 26 October 2009: Hypoport AG and the Ostdeutscher

@@start.t2@@Sparkassenverband (OSV) association of savings banks are to cooperate more
         closely in the areas of mortgage finance in future. The newly established
         FINMAS GmbH will offer members of the finance group of savings banks
         access to an exclusive financial marketplace. Members will not only gain
         additional distribution channels but will also benefit from Hypoport AG's
         leading technological infrastructure and expertise in process

         Hypoport AG and Ostdeutscher Sparkassenverband founded the new company on
         26 October this year. The savings banks are already Germany's largest
         mortgage finance providers and intend to strengthen their leading position
         with this new joint venture. By turning to mortgage brokers and internet
         finance they will also widen previously less exploited distribution
         channels. In EUROPACE, Hypoport already operates Germany's largest B2B
         financial marketplace for mortgage brokers and banks. Last year, mortgages
         and personal loans totalling EUR14.6 billion were transacted over the
         EUROPACE platform.

         Wolfgang Zender, Managing Director of OSV, stressed that: "As market
         leaders we continually have try out new ways of offering our products to
         customers. We want to be flexible in responding to customer preferences,
         and FINMAS allows us to reach people who wish to inform themselves about
         our mortgage products from outside our branches."

         The online marketplace brings together a large number of product suppliers
         and distributors, while increasing the efficiency of property finance
         brokerage. FINMAS will operate using the leading-edge technology of the
         already well-established EUROPACE online B2B transaction platform. "We
         look forward to establishing the financial marketplace for savings banks
         jointly with OSV. This will lay the foundation for a successful
         partnership", commented Thomas Kretschmar, co-Chief Executive Officer and
         Chairman of the Management Board at Hypoport AG.

         The new business model allows the savings banks to offer their products
         via third-party distributors. Apart from providing access to its platform,
         the joint venture will also serve as an interface for the individual
         savings banks to coordinate their use of the new system and to liaise with
         the large number of partners involved. This link to the platform will
         automate and optimise existing processes and will enable distributors to
         quickly gain an overview of the available loan products even while they
         are advising customers.

         FINMAS will enable the 49 individual OSV savings banks to access
         strategically important finance markets. In addition to existing
         distribution channels the new business model will also open up new sales
         opportunities in the rapidly growing internet-based financial brokerage

         Additional information on Hypoport (including its 2008 annual report) and
         the list of banks and financial service providers represented on the
         online platform can be found at www.hypoport.de.

         For further information on Ostdeutscher Sparkassenverband (OSV) please see@@end@@


@@start.t3@@Ende der Mitteilung                                                 euro adhoc

ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Cosima Ningelgen
Press spokesperson
Tel.:  +49 (0)30 2069-1818
E-Mail: cosima.ningelgen@osv-online.de

Branche: Financial & Business Services
ISIN:      DE0005493365
WKN:        549336
Börsen:  Frankfurt / regulated dealing/prime standard

Weitere Meldungen: Hypoport AG

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