20.01.2017
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: Digital revolution in mortgage finance - volume of transactions on the marketplace grows significantly
DGAP-News: Hypoport AG / Key word(s): Miscellaneous
Hypoport AG: Digital revolution in mortgage finance - volume of transactions
on the marketplace grows significantly
20.01.2017 / 07:37
The issuer is solely responsible for the content of this announcement.
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Press release
Volume of transactions in 2016
Digital revolution in mortgage finance: volume of transactions on the
marketplace grows significantly
Berlin, 20 January 2017: The overall market for mortgage finance was
smaller in 2016 than in the previous year. In contrast, the EUROPACE
marketplace generated growth and thus significantly increased its market
share.
For Germany's private housing market, 2016 was characterised by further
price rises and a slight increase in completions. This fundamentally very
positive market environment for home loans was overtaken by two major
events, however. The Mortgage Credit Directive, which came into force in
the spring, caused the overall market volume to contract sharply in April
and May. Then in November 2016, the market picked up on the back of the
first interest-rate hike in 18 months. Although the figures for December
from Deutsche Bundesbank are not out yet, the overall market volume in 2016
is likely to be roughly 5 per cent down on the previous year's record
volume (2015: EUR244 billion). "The declining volume in the mortgage
finance market as a whole shows that the necessary framework for increasing
the supply of housing is not being put in place, despite the shortfall in
Germany now standing at around one million homes," says Ronald Slabke,
Chief Executive Officer of Hypoport AG.
EUROPACE generated a transaction volume of EUR44.7 billion across all
product segments in 2016 and thus grew approximately 15 per cent* faster
than the market as a whole. Partners from all banking groups benefited once
again from this rapid expansion. The Savings Banks Finance Group achieved a
transaction volume of EUR3.6 billion in its role as a product supplier and
therefore saw its new digital business grow by about a third. The
institutions in the cooperative financial network, which notched up a
transaction volume of EUR2.7 billion, also increased their involvement in
technology-based mortgage finance. "Our marketplace's strong growth shows
that advisors and product suppliers in the mortgage finance sector can no
longer avoid using digitalised processes, especially since the introduction
of the Mortgage Credit Directive," comments Slabke.
Alongside the gain in market share attributable to neutral financial
product distributors, which again supported the growth of EUROPACE in 2016,
the use of EUROPACE by banks' and savings banks' own-account distributors
is continuing to gain in importance. In 2016, FINMAS significantly
increased the volume of business concluded via EUROPACE on the basis of
advice provided by the Savings Banks Finance Group to a total of EUR1.5
billion (of which Q4: EUR0.4 billion). GENOPACE made similar gains with the
cooperative financial network, with whom the volume of business arranged
using EUROPACE technology was increased to EUR1.0 billion (of which Q4:
EUR0.3 billion).
Q4 2016 FY 2016
Volume of EUROPACE EUR11.5 billion EUR44.7 billion
transactions
of which: Savings Banks EUR0.9 billion EUR3.6 billion
Finance Group
of which: cooperative EUR0.7 billion EUR2.7 billion
financial network
* The transaction numbers for 2015 are not fully comparable due to the
switch to a different recognition method on 21 March 2016. All figures on
the volume of financial products processed include cancellations and,
consequently, cannot be compared directly with the revenue figures shown,
which exclude subsequent cancellations (see pages 9 and 23 of the Q3 2016
interim report).
Neither the revenue nor the earnings generated by Hypoport can be directly
extrapolated from the transaction figures given above.
About Hypoport AG
The Hypoport Group is a technology-based financial service provider. The
business model is based on its three mutually supporting business units:
Private Clients, Financial Service Providers, and Institutional Clients.
All three units are engaged in the distribution of financial services,
facilitated or supported by finance-technology ('fintech').
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, building finance products and personal loans. A
fully integrated system links more than 350 partners - banks, insurers and
financial product distributors. Several thousand users execute some 35.000
transactions worth a total of up to EUR4 billion on EUROPACE every month.
The Hypoport subsidiary Dr. Klein & Co. AG is an independent online
distributor of financial products. This firm's specialists provide private
clients with a full range of advisory services around mortgage finance,
insurance and retirement planning. DR. KLEIN Firmenkunden AG has been a
major financial service partner to housing companies and commercial
property investors since 1954. Hypoport AG is headquartered in Berlin,
employs about 800 people and is listed in the Prime Standard of the
Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the
SDAX.
Contact
Michaela Reimann
Head of Investor Relations & Public Affairs
Tel: +49 (0)30 42086 1936
Email: [email protected]
www.hypoport.com
Hypoport AG
Klosterstraße 71
D-10179 Berlin
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20.01.2017 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.
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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: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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537957 20.01.2017
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