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Hypoport AG

EANS-News: Hypoport AG
Q2 2010: EUROPACE generates record volume of transactions

Berlin, 16 July 2010 (euro adhoc) -

The volume of transactions generated by the Europace platform hit a 
new record in the second quarter of 2010, with all product categories
contributing to this result. The customised products developed among 
others for Postbank also demonstrate that Europace’s technology can 
be used for a wide variety of applications and continues to achieve 
widespread market penetration.
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet
Subtitle: The volume of transactions generated by the Europace 
platform hit a new record in the second quarter of 2010, with all 
product categories contributing to this result. The customised 
products developed among others for Postbank also demonstrate that 
Europace’s technology can be used for a wide variety of applications 
and continues to achieve widespread market penetration.
The volume of transactions
generated by the Europace financial marketplace hit a new record of 
EUR3.951 billion in the second quarter of 2010. All product 
categories contributed to an increase of 25.1 per cent compared with 
the corresponding quarter of 2009. The volume of mortgage finance, 
which still accounts for the largest proportion of total business, 
grew by 17.1 per cent year on year to EUR3.296 billion in Q2 2010. 
"The current combination of low interest rates, the greater 
importance attached to security, and the recently more optimistic 
outlook is boosting purchases of real estate", was how Thilo Wiegand,
one of Hypoport AG´s executive directors, explained the encouraging 
trend. The second quarter of 2010 was the first time that building 
finance - the most recent addition to Europace´s product portfolio - 
has managed to outperform the volume of business generated by 
personal loans, achieving a total volume of EUR336 million (Q2 2009: 
EUR38 million) compared with the EUR319 million generated by personal
loans (Q2 2009: EUR306 million).
Hypoport is also bullish about the outlook for its business going 
forward. "On top of the welcome recovery of the intermediary market 
in Germany we are achieving growing success with our product 
offerings for German savings banks (Finmas - the financial 
marketplace for savings banks) and local cooperative banks 
(Genopace)", added Wiegand. Hypoport is also pursuing new avenues in 
its quest to acquire established market participants as clients. The 
first customised web-based distribution solution for Europace will 
soon be completed. "Over the past 14 months we have been working 
exclusively with and on behalf of Postbank´s financial advisory team 
to develop a financing module that caters to the specific needs of a 
building finance association´s distribution network. This will enable
our partners - in this case Postbank and BHW Bausparkasse AG, its 
building finance association - to operate even more effectively in 
the highly competitive mortgage finance market", added Ronald Slabke,
Hypoport´s CEO. "Large distribution organisations that employ several
hundred advisers require customised solutions that dovetail with 
their specific advisory strategies, product focus and applications 
environment. The sort of individual solutions available in the past 
were not connected to a marketplace. By offering web-based 
distribution solutions that perfectly match our partners´ needs we 
now aim to extend the benefits of our Europace marketplace to these 
established market participants", Slabke explained Hypoport´s new 
product offering.
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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