DGAP-News: Hypoport AG: EUROPACE achieves a new record of EUR8.6 billion in the third quarter of 2013
(firmenpresse) - DGAP-News: Hypoport AG / Key word(s): Quarter Results
Hypoport AG: EUROPACE achieves a new record of EUR8.6 billion in the
third quarter of 2013
16.10.2013 / 09:21
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Volume of transactions in the first nine months of 2013
The volume of transactions processed on the EUROPACE financial marketplace
in the first nine months of 2013 grew by 11.4 per cent compared with the
corresponding period of 2012. This impressive result was attributable to
EUROPACE's solid start to the year coupled with its performance in the
second quarter and, especially, the third quarter. Its volume of
transactions from July to September 2013 expanded by 19.3 per cent compared
with the third quarter of 2012. The mortgage finance and personal loans
product segments increased by 18.3 per cent and 18.8 per cent respectively
during this period, while building finance generated the strongest growth,
advancing by 24 per cent.
The volume of transactions processed on this marketplace for financial
products topped EUR8 billion for the second consecutive quarter. 'The rise
in interest rates that started in May continued until mid-September and
underpinned demand from prospective mortgage finance customers,' explained
Thilo Wiegand, the Chief Executive Officer of Europace AG, adding that
these impressive figures were attributable to EUROPACE's stronger partner
base as well as the economic recovery and rising real wages.
Performance of the EUROPACE platform in the first nine months of 2013
The total volume of transactions generated across all product segments in
the first three quarters of 2013 grew by 11.4 per cent year on year to
EUR24.28 billion (Q1-Q3 2012: EUR21.8 billion). At EUR18.8 billion,
mortgage finance accounted for the largest share of EUROPACE's aggregate
business volume; this represented a year-on-year increase of 9.4 per cent
(Q1-Q3 2012: EUR17.14 billion). The volume of transactions in personal
loans expanded by 17.8 per cent to EUR1.01 billion (Q1-Q3 2012: EUR865
million). Building finance posted the sharpest rise, advancing by 18.4 per
cent year on year to EUR4.49 billion (Q1-Q3 2012: EUR3.8 billion). The
strong growth in this business line resulted from the attractive terms and
conditions available on building finance products. 'Nowadays it often makes
more financial sense to take out an annuity loan followed by a building
finance agreement than it does to take out a long-term fixed-interest loan
or a full-repayment product,' explained Wiegand.
Information on Europace AG
Europace AG and its associated companies manage the internet-based
financial marketplace EUROPACE. EUROPACE is the largest German transaction
platform offering mortgages, Bauspar products and personal loans. A fully
integrated system links over 200 partners, including banks, insurance and
financial product distributors. Several thousand users execute over 20.000
transactions on EUROPACE every month, worth an annual volume of about 30
billon EUR. EUROPACE is certified by TÜV Datenschutzgutachten. Europace AG
is a wholly owned subsidiary of Hypoport AG which is listed in the Prime
Standard of 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(at)hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
End of Corporate News
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16.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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(at)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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234786 16.10.2013
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Datum: 16.10.2013 - 09:21 Uhr
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News-ID 306158
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