Hypoport AG

EANS-News: Hypoport AG: EUROPACE continues to grow

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Financial Figures/Balance Sheet/Volume of Transactions


Berlin (euro adhoc) - 14 July 2011: In the second quarter of this year the
EUROPACE financial marketplace generated its largest-ever quarterly volume of
transactions (EUR 4.64 billion). Its volumes of mortgage finance, personal loans
and building finance products continued to grow.

The EUR 4.64 billion worth of transactions generated by EUROPACE in the second
quarter of this year beat the previous record of EUR 4.48 billion set in Q3 2010
by 3.4 per cent. This represents an increase of 12.5 per cent compared with the
first quarter of the current year (Q1 2011: EUR 4.12 billion) and a year-on-year
improvement of 17.3 per cent (Q2 2010: EUR 3.95 billion). 

Mortgage finance market subdued
The volume of mortgage finance transactions came to EUR 3.68 billion, which was
6.1 per cent higher than in the previous quarter (Q1 2011: EUR 3.47 billion).
This constitutes a year-on-year rise of 11.5 per cent (Q2 2010: EUR 3.3
billion). "Conditions in the mortgage finance market are relatively subdued at
present", explained Thilo Wiegand, who sits on Hypoport's Management Board. "The
recent trend of rising mortgage interest rates has peaked for the time being.
Many people looking to buy property are waiting before they arrange the
necessary finance in the hope that interest rates will fall." The volume of
personal-loan transactions grew by 26.1 per cent on the previous quarter to EUR
0.31 billion (Q1 2011: EUR 0.25 billion), which meant that it was almost back to
where it had been a year ago (Q2 2010: EUR 0.32 billion). Building finance
products made a particularly valuable contribution to the overall growth in
EUROPACE transaction volumes, advancing by 59.3 per cent compared with the
previous quarter. Year on year, the volume of building finance products
generated on EUROPACE almost doubled, surging by 93.4 per cent from EUR 0.34
billion in Q2 2010 to EUR 0.65 billion in Q2 2011. As in the previous quarter,
the new Baufi Online XL (BOXL) mortgage finance sales platform contributed to
this performance. Its technology is based on that of EUROPACE 2 - the
next-generation transaction platform - and has been custom-tailored to the
distribution channels run by BHW Bausparkasse and Deutsche Postbank. 

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.
In the form of EUROPACE - its online financial marketplace - Hypoport develops
and operates the largest German platform offering mortgages, building finance
products and personal loans. A fully integrated system links more than 140
partners - banks, insurers and financial product distributors. Several thousand
users execute roughly 10,000 financing transactions worth a total of up to EUR
1.5 billion on EUROPACE every month.

The Hypoport subsidiary Dr. Klein & Co. AG is an independent online distributor
of financial products. This firm's specialists provide private clients with a
full range of advisory services around mortgage finance, insurance and
investments. Dr. Klein & Co. AG has been a major financial service partner to
housing companies, local authorities and commercial property investors since
1954.

Hypoport AG is headquartered in Berlin, employs more than 450 people and is
listed in the Prime Standard of the Frankfurt Stock Exchange.


Further inquiry note:
Michaela Reimann
Group Communications Manager
Phone: +49 (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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