EANS-News: Hypoport AG
More than EUR21 billion generated on EUROPACE
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Volume of transactions in 2011 Subtitle: Year-on-year growth of 40.2 per cent; strongest year to date for the B2B financial marketplace Berlin (euro adhoc) - 16 January 2012: EUROPACE, the online B2B financial marketplace, significantly expanded its volume of transactions in 2011. Transactions worth an aggregate EUR21.17 billion were generated on this platform between January and December of last year (2010: EUR15.1 billion), which represented a year-on-year increase of 40.2 per cent. This transaction volume in excess of EUR21 billion made 2011 the strongest year to date for EUROPACE. Despite the Christmas holiday period the fourth quarter of last year was also the most successful in EUROPACE´s history, generating transactions worth around EUR6.3 billion. Previously, the volume of transactions generated on the platform in the third quarter of 2011 had reached EUR6.2 billion, topping the EUR6 billion mark for the first time. Building finance products make valuable contribution to impressive performance EUROPACE is steadily growing its market share of German mortgage finance transactions. Thilo Wiegand, the chief executive officer (CEO) of Europace AG, believes there are several reasons for this trend. "The continual diversification of the product range available on the EUROPACE platform is a key driver of this success. Our strategic decision to scale up the offering of building finance products on the platform has proved to be correct. These products now account for a significant proportion of our total transaction volume. In addition, yet more financial product distributors and suppliers realised in 2011 that it is worthwhile using EUROPACE to sell financial products." Together with its sister platforms - GENOPACE for cooperative banks and FINMAS for savings banks - EUROPACE had raised the number of its product distribution and supply partners to 165 by the end of 2011. Thilo Wiegand added: "The crisis around the euro zone´s sovereign debt and currency boosted demand for real estate as an investment last year. This further fuelled the impressive growth in EUROPACE´s transaction volumes." About Hypoport AG As both an independent vendor of financial products and operator of a B2B financial marketplace, Hypoport is successfully active in two segments that mutually complement each other. Hypoport always offers the simplest means of accessing the best financial services on offer. As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the web-based EUROPACE financial marketplace, which is Germany´s largest platform for mortgages, property acquisition-related savings schemes and personal loans. A fully integrated system brings together more than 160 partners from the fields of banking, insurance and financial service vendors. Several thousand users process some ten thousand financing transactions with a total volume of as much as 2 billion Euros on EUROPACE each month. Dr. Klein & Co. AG, a subsidiary of Hypoport, is an internet-based and independent vendor of financial services. The experts at Dr. Klein provide comprehensive advice on mortgage financing, insurance products and financial investments to private clients. Dr. Klein & Co. AG has been a preferred partner for the provision of financial services to the residential property industry, municipal clients and commercial real estate investors since 1954. The registered office of Hypoport AG is Berlin. The company employs some 500 people and is listed in the Prime Standard on Deutsche Börse, the German stock exchange. Further inquiry note: Michaela Reimann Group Communications Manager Tel.: +49 (30) 42086 - 1936 e-mail: michaela.reimann@hypoport.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Hypoport AG Klosterstraße 71 D-10179 Berlin phone: +49(0)30 42086-0 FAX: +49(0)30 42086-1999 mail: ir@hypoport.de WWW: http://www.hypoport.de sector: Financial & Business Services ISIN: DE0005493365 indexes: CDAX, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt language: English
Original content of: Hypoport AG, transmitted by news aktuell