Corporate | 15 October 2014 08:44
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Hypoport AG / Key word(s): 9-month figures
Press release Volume of transactions in Q3 2014 Europace: Quarterly transaction volume tops the EUR9 billion mark for the first time Berlin, 15 October 2014: The volume of transactions processed on the Europace financial marketplace in the third quarter of 2014 totalled EUR9.58 billion, representing a year-on-year rise of more than 11 per cent. The months of July and September 2014 were the two most successful in the company’s history with transaction volumes across all product segments of EUR3.42 billion and EUR3.24 billion respectively. Further double-digit growth in the home loans product segment made a particularly significant contribution to setting the new transaction record. The volume of transactions in Europace’s biggest product segment was up by around 13 per cent year on year. The transaction volume for the first nine months of 2014 (EUR27.04 billion) also represents a year-on-year increase of more than 11 per cent (2013: EUR24.29 billion). “The economic conditions remain favourable for some financial products,” reported Thilo Wiegand, Chief Executive Officer of Europace AG. “Demand for housing remains high because of low interest rates. Although the supply of real estate in attractive locations is becoming scarcer, which is capping growth in the total lending volume, Europace has succeeded in increasing its share of the market as a whole because it is achieving ever greater market penetration.” Performance of the EUROPACE platform in the third quarter of 2014 In the third quarter of this year, the transaction volume processed on Europace across all product segments was around EUR1 billion higher than in the same period last year when it totalled EUR8.62 billion. In absolute terms, mortgage finance remained the product segment with the largest share of Europace’s aggregate business volume. It accounted for EUR7.43 billion in the third quarter of 2014, which represented a rise on the volume of EUR6.60 billion in the same period last year and an increase of 9 per cent on the previous quarter. Personal loans, the smallest product segment, topped the 400 million mark for the first time in the third quarter of 2014 with a transaction volume of EUR401 million (Q3/2013: EUR376 million). “Although interest rates in general are extremely low, demand for building finance products is currently falling slightly,” reported Wiegand. As a result, this is the only product segment in which the volume of transactions processed via the Europace platform was marginally lower last quarter than in the preceding quarter, having fallen from EUR1.77 billion to EUR1.75 billion. “However, compared with the same quarter in 2013, we are still more than 6 per cent ahead,” said the Europace CEO. 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 15.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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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