Corporate | 15 July 2014 11:00
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Hypoport AG / Key word(s): Half Year Results
Press release Volume of transactions in the first half of 2014 EUROPACE generates further double-digit growth and posts a transaction volume of over EUR17 billion in the first six months of 2014 Berlin, 15 July 2014: The volume of transactions processed on the Europace marketplace for financial products was up by 11.4 per cent year on year to EUR17.46 billion in the first half of 2014. Furthermore, the quarterly volume of transactions reached a record high of EUR8.99 billion in the second quarter of 2014. The product type with the strongest year-on-year gain in the first six months of 2014 was building finance, but there was also double-digit growth for personal loans. “Given the low interest rates at the moment, building finance products are increasingly being used to hedge the interest-rate risk of home loans,” said Thilo Wiegand, Chief Executive Officer of Europace AG. In the personal loans business, the Europace marketplace benefited from the continued positive mood among German consumers and from the fact that personal loans are increasingly being used as a supplementary product for home loans. “The rise in the volume of transactions on the Europace financial marketplace is due not only to expansion of the product range but also to the growing number of partners affiliated with Europace,” reported Wiegand. Performance of the EUROPACE platform in the first half of 2014 The total volume of transactions generated across all product segments grew by 11.4 per cent to EUR17.46 billion in the first half of 2014 (H1 2013: EUR15.67 billion). Mortgage finance remained the product segment with the largest share of the aggregate business volume. It accounted for EUR13.30 billion (H1 2013: EUR12.17 billion), which equated to growth of 9.3 per cent from what was already a high level. The volume of building finance product transactions amounted to EUR3.38 billion in the first half of 2014, climbing by 19.1 per cent compared with the corresponding period of last year (H1 2013: EUR2.84 billion). The transaction volume for personal loans, the smallest product segment on the Europace platform, advanced by a substantial 17.7 per cent to EUR776 million (H1 2013: EUR659 million). Note: Neither the revenue nor the earnings generated by Hypoport can be directly extrapolated from the transaction figures given above.
About EUROPACE
Contact: Christian Würdemann Head of Communications, Human Resources & Legal Hypoport AG Klosterstraße 71 D-10179 Berlin Phone: +49 (0) 30 / 4 20 86 – 1920 Fax: +49 (0) 30 / 4 20 86 – 281920 E-Mail: ir@hypoport.de Internet: www.hypoport.de Twitter: http://twitter.com/Hypoport End of Corporate News 15.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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