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Hypoport AG

EANS-News: Hypoport AG
GENOPACE: The second quarter 2010 comes first three times over!

Berlin (euro adhoc) -

Berlin, 19 July 2010: The transaction volumes on the Genopace 
platform scored top marks at all levels in the second quarter 2010! 
The largest transaction volume on a daily basis, the highest level 
for a month and a new record for the quarter demonstrate the growing 
importance of the platform.
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet
Subtitle: Berlin, 19 July 2010: The transaction volumes on the 
Genopace platform scored top marks at all levels in the second 
quarter 2010! The largest transaction volume on a daily basis, the 
highest level for a month and a new record for the quarter 
demonstrate the growing importance of the platform.
The Genopace platform for the Volksbank and
Raiffeisenbank sectors processed the largest ever transaction volume 
in its history in the second quarter 2010. Transaction volumes 
increased by 73 percent year on year and by 48 percent compared with 
the first quarter 2010. At Euro 110 million, they reached a new 
record high. The somewhat slower start to the year was followed by a 
surge in platform activity towards the end of the first quarter. In 
the second quarter, it was June, in particular, which contributed to 
the very satisfactory result, posting the largest ever transaction 
volume for a month. As such, the cumulative transaction volume of all
financing agreements that have ever been processed through Genopace 
has now reached Euro 650 million. According to Jens Fehlhauer, 
Managing Director of Genopace: "We are witnessing a continuation of 
this positive development into the third quarter as well. The 
addition of new partner banks is also driving business on the 
platform. Further banks that have opted for Genopace will shortly 
also contribute to an increase in transaction volumes", is how 
Fehlhauer emphasises the effect the platform is having on the 
marketplace.
About GENOPACE GENOPACE GmbH is a Berlin-based initiative of the 
Volksbanks in collaboration with technology partner Hypoport AG and 
its product partners in the fields of mortgage financing and 
insurance. Any Volksbank or Raiffeisenbank can use the web-based 
GENOPACE platform to comprehensively optimise their sales processes 
and tap new market potential. Just one data input is all it takes and
GENOPACE users receive an overview of the market, together with their
own business activity. GENOPACE provides efficient support for all 
steps in the process - from loan approvals to value appraisals, right
up to printing the contracts.
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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