Tous Actualités
Suivre
Abonner Hypoport AG

Hypoport AG

EANS-News: Hypoport AG
EUROPACE marketplace grows by 36 per cent

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

Company Information/Volume of transactions

Berlin, (euro adhoc) - The volume of transactions processed on Germany's biggest
marketplace for financial products grew by 36 per cent year on year to
approximately EUR29 billion in 2012. This increase of EUR7.7 billion compared
with 2011 is the largest annual growth achieved in absolute terms since EUROPACE
was launched. Some 15 per cent of the total volume of mortgage finance provided
in Germany is now routed via EUROPACE.  

"The strong growth generated by the EUROPACE marketplace comfortably
outperformed the growth achieved by the market as a whole. This is proof
positive that the enormous potential offered by this marketplace makes it the
model of the future for the financial services industry", enthused Thilo
Wiegand, Chief Executive Officer of Europace AG, about the volume of
transactions reported for 2012.

All three product segments contributed to this growth. The huge appeal of
building finance products caused the volume of transactions in this business
line to jump by 77 per cent year on year to EUR5.11 billion (2011: EUR2.88
billion). The value of personal loans brokered rose by 4 per cent to EUR1.14
billion (2011: EUR1.1 billion). The volume of mortgage finance products sold
grew by 31 per cent year on year to EUR22.62 billion (2011: EUR17.21 billion),
which meant that this business line continued to account for the largest
proportion of EUROPACE's aggregate transaction volume. 

Performance of the EUROPACE platform in the fourth quarter
The total volume of transactions processed on EUROPACE in the fourth quarter of
2012 grew by 13 per cent year on year to EUR7.07 billion (Q4 2011: EUR6.26
billion). The value of mortgage finance products sold in the last three months
of 2012 rose by 8 per cent year on year to EUR5.48 billion (Q4 2011: EUR5.09
billion). The volume of transactions in personal loans also advanced by 8 per
cent, totalling EUR0.28 billion (Q4 2011: EUR0.26 billion). The value of
building finance products sold increased by 44 per cent on the corresponding
quarter of 2011 to EUR1.31 billion (Q4 2011: EUR0.91 billion). 

Information on Europace AG
Europace AG operates EUROPACE, which is an online B2B financial marketplace and
the largest German transaction platform offering mortgages, building finance
products and personal loans. A fully integrated system links roughly 200
partners - banks, insurers and financial product distributors. Several thousand
users execute over 20,000 transactions worth a total of up to EUR3 billion on
EUROPACE every month. Based in Berlin, Europace AG is a wholly owned subsidiary
of Hypoport AG, which employs more than 500 people and is listed in the Prime
Standard of the Frankfurt Stock Exchange.


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

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


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

Plus de actualités: Hypoport AG
Plus de actualités: Hypoport AG