HYPOPORT SE

Earnings Release • Jan 27, 2014

News Details

Corporate | 27 January 2014 08:55

Hypoport AG: EUROPACE generated its first-ever transaction volume in excess of EUR30 billion in 2013.

DGAP-News: Hypoport AG / Key word(s): Quarter Results

27.01.2014 / 08:55

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Volume of transactions in 2013

Berlin, 27 January 2014: The total volume of transactions processed on the
EUROPACE financial marketplace in 2013 grew by roughly 9 per cent year on
year to EUR31.6 billion. Personal loans, which constitute the smallest
product segment, achieved the strongest growth in relative terms (22 per
cent). Building finance increased by 13 per cent, underlining the
substantial appeal of this product. Mortgage finance, which grew by 7 per
cent year on year, once again made the largest contribution to the total
volume of transactions in absolute terms. The number of EUROPACE partners
rose by roughly 22 per cent over the same period.

'This transaction volume of more than EUR30 billion demonstrates the
considerable influence that the EUROPACE financial marketplace and its
partners now exert over the German mortgage finance market,' commented
Thilo Wiegand, Chief Executive Officer of Europace AG. 'The continued low
level of interest rates, our optimised sales processes, and the fact that
the number of our partners has risen from 200 to its current level of
almost 250 contractual partners have all contributed to this result on an
annualised basis.' The latest figures published by the Bundesbank show that
the German mortgage finance market overall grew only modestly in 2013. The
rising numbers of transactions generated on EUROPACE therefore resulted
from the increasing automation of business processes in Germany. The
pressure for change triggered by Basel III and Solvency II is considerably
enhancing the appeal of a flexible marketplace solution for more and more
banks and financial institutions.

Tougher market conditions in the fourth quarter of 2013 meant that
EUROPACE's strong performance for the year as a whole was slightly dented
in the final three months. Following impressive results in the second and
third quarters, the marketplace's growth in mortgage finance products was
weaker than in previous quarters owing to persistently sluggish interest
rates.

The product segments in detail

The total volume of transactions generated across all product segments grew
by 9 per cent year on year to EUR31.6 billion (2012: EUR28.9 billion).
Mortgage finance transactions amounted to EUR24.4 billion, which
constituted a year-on-year rise of more than EUR1.7 billion (2012: EUR22.7
billion) and meant that this product segment accounted for 77.0 per cent of
the total volume of transactions. Building finance and personal loans - the
two smaller product segments on EUROPACE - both grew much more sharply than
mortgage finance in percentage terms. Building finance helped boost the
marketplace's growth by generating transactions worth EUR5.8 billion in
2013 (2012: EUR5.1 billion). The personal loans product segment increased
from EUR1.1 billion in 2012 to EUR1.4 billion in 2013.

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

249556 27.01.2014