EANS-News: Hypoport AG
Dr. Klein brings its professional strengths to bear in
the mortgage finance market/ Transaction volumes & number of advisers
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Berlin, 20 January 2012 (euro adhoc) - The Private Clients segment of Dr. Klein & Co. AG starts the new year in a position of strength. Its strategy of delivering impartial and comprehensive advice on all aspects of mortgage finance fuelled strong growth in both transaction volumes and the number of advisers in 2011. The success of this strategy enabled Dr. Klein to recruit 99 new advisers - an increase of 18 per cent to a total number of 643. The volume of loans brokered increased by 18 per cent over the same period, while the total value of insurance brokered jumped by 45 per cent. Dr. Klein & Co. AG made a valuable contribution to the growth achieved by the Private Clients business in the Hypoport Group. Last year this business unit generated a total transaction volume of some EUR3.86 billion from loan brokerage, which constituted a year-on-year increase of 24 per cent (2010: EUR3.10 billion). Growth in the volume of transactions across all insurance products was even stronger, surging by 88 per cent to EUR27.5 million (2010: EUR14.6 million). Stephan Gawarecki, the chief executive officer (CEO) of Dr. Klein & Co. AG, commented on these impressive results: "Mortgage finance products have been one of our company's core competences since 1954. The latest figures show that this capability is paying dividends at a time when Germany's real-estate market is booming. But even leaving aside the factors currently impacting on this business, our holistic advisory model is proof positive that today's homeowners are increasingly looking for one-stop solutions that offer them advice on loans, investments and insurance." Dr. Klein is the go-to provider of mortgage finance products Last year saw the Dr. Klein brand continue to strengthen its position in the mortgage finance market. This was clearly illustrated by the fact that the Hypoport Group expanded its volume of transactions from EUR2.73 billion in 2010 to EUR3.46 billion in 2011. The growth generated by building finance products demonstrates even more impressively how Dr. Klein has established a firm foothold in the market for home loans. The volume of building finance transactions originated in 2011 jumped to EUR73.1 million (2010: EUR36 million), which represented a year-on-year increase of 103 per cent. There was generally less demand for loans for small-ticket purchases in Germany last year. Consequently, the volume of personal loans brokered contracted slightly to EUR319.8 million (2010: EUR339.2 million). Dr. Klein is the provider of choice for independent insurance solutions By optimising many clients' insurance portfolios, Dr. Klein helped generate strong growth across all insurance products. The transaction volume of health insurance products of the Hypoport Group surged by 103 per cent to EUR14.1 million (2010: EUR6.9 million). The volume of investments and life insurance brokered jumped by 77 per cent to EUR11.5 million (2010: EUR6.5 million). General insurance - the smallest of the product segments - also generated substantial year-on-year growth of around 59 per cent, expanding its transaction volume from EUR1.2 million in 2010 to roughly EUR1.9 million in 2011. Holistic advisory approach lowers costs and provides greater peace of mind for homeowners These trends show that Dr. Klein also managed to strengthen its position in the insurance market for homeowners in 2011. However, the company offers more than just general insurance that is directly associated with property purchases. As a mortgage finance expert, Dr. Klein adopts a holistic advisory approach that emphasises the importance of being adequately insured against sickness and incapacity to work. "By seeking the right advice, homeowners can gain peace of mind and, in many cases, reduce their borrowing and insurance costs", stressed Gawarecki, referring to the comprehensive package of advice offered by Dr. Klein. This advisory approach focuses on the client's needs rather than on particular products. All products around loans, insurance and investments are harmonised and optimised and are tailored to the client's individual situation. These one-stop advisory solutions are ideally suited to clients who either already own, or are looking to buy, property. This harmonisation of insurance policies often enables customers to save money that can be used to repay loans. Information on Dr. Klein Dr. Klein is an independent provider of financial services for private and corporate clients. It offers personalised solutions for private clients' full range of financial needs. Around 650 specialists deliver impartial and comprehensive advice over the internet and at more than 180 branches on issues such as current accounts, deposits, insurance, investments, mortgages and personal loans. Dr. Klein & Co. AG has been a major financial service partner to housing companies, local authorities and commercial property investors since 1954. It provides its institutional clients with a fully integrated service comprising expert advice and customised solutions in the areas of financial management, portfolio management and insurance for business customers. Its client-focused advisory expertise and close, longstanding relationships with all leading banks and insurance companies ensure that its customers always have quick and easy access to the best financial services. Dr. Klein is a wholly owned subsidiary of Hypoport AG, an online financial service provider that is listed on the Frankfurt Stock Exchange. Further inquiry note: Michaela Reimann Group Communications Manager Telefon: +49 (0) 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