HYPOPORT SE

Earnings Release • Jul 16, 2013

News Details

Corporate | 16 July 2013 09:17

Hypoport AG: Volume of transactions in the first half of 2013 – EUROPACE reflects the upward trend in the market

Hypoport AG / Key word(s): Miscellaneous

16.07.2013 / 09:17

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The volume of transactions processed on the EUROPACE marketplace for financial products was up by 7.4 per cent year on year in the first half of 2013. The volume of personal loan transactions rose by 17.3 per cent on the back of a broader product range. The building finance and home loans product areas saw increases of 15.3 per cent and 5.2 per cent in their transaction volumes.

‘Following on from the robust start to the year, the strong increase in the volume of transactions continued through into the summer across all product areas. The transaction volume topped the EUR8 billion mark for the first time in the second quarter of 2013, coming in at EUR8.467 billion,’ said Thilo Wiegand, Chief Executive Officer of Europace AG. After the long period of low interest rates, the slight rises in rates in the second quarter had motivated customers to take out loans and the CEO added that loan brokerage on the platform would have grown even more strongly were it not for the limited supply of property on the market.

Performance of the EUROPACE platform in the first half of 2013

The volume of transactions across all product areas grew by 7.4 per cent year on year, taking the total to EUR15.66 billion in the first half of 2013 (H1 2012: EUR14.582 billion). With transactions totalling EUR12.167 billion, the mortgage finance product area made the biggest contribution to the total volume of transactions on the marketplace (H1 2012: EUR11,562 billion). Nevertheless, personal loans and building finance, the platform’s two smaller product areas, performed even more strongly. The transaction volume for personal loans rose by 17.3 per cent to EUR652 million (H1 2012: EUR556 million), while building finance products were up by 15.3 per cent to EUR2.842 billion (H1 2012: EUR2.464 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.

Contact:

Michaela Reimann

Head of Communications

Hypoport AG

Klosterstraße 71

10179 Berlin

Mobile: +49 (0) 151 / 58 04 – 1936

Phone.: +49 (0) 30 / 4 20 86 – 1936

E-mail: michaela.reimann@hypoport.de

Internet: www.hypoport.de

Twitter: http://twitter.com/Hypoport

Facebook: http://www.facebook.com/hypoport

End of Corporate News

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Language:	English
Company:	Hypoport AG
	Klosterstraße 71
	10179 Berlin
	Germany
Phone:	+49/30 42086-0
Fax:	+49/30 42086-1999
E-mail:	ir@hypoport.de
Internet:	www.hypoport.de
ISIN:	DE0005493365
WKN:	549336
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of News	DGAP News-Service

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