15.07.2016
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: EUROPACE Transaction volume picks up at the end of the quarter
DGAP-News: Hypoport AG / Key word(s): Half Year Results
Hypoport AG: EUROPACE Transaction volume picks up at the end of the quarter
15.07.2016 / 16:26
The issuer is solely responsible for the content of this announcement.
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Press release
Volume of EUROPACE transactions in the first half year of 2016
Transaction volume picks up at the end of the quarter
Berlin, 15 July 2016: The effects of the Mortgage Credit Directive (MCD)
again held back activity in the mortgage finance market during April and
May. Consequently, the volume of transactions in the first six months of
2016 was down by almost 7 per cent compared with the same period of 2015.
Nevertheless, the transaction volume on the EUROPACE platform in the second
quarter of this year was larger than in the first quarter: at approximately
EUR11.0 billion, the total volume of loans requested via EUROPACE was over
5 per cent higher than in the previous quarter. The market returned to
normal towards the end of the quarter and many players have since benefited
from the attractive interest-rate environment and strong demand.
The mortgage finance product segment generated the greatest growth compared
with the first quarter of 2016, rising by 7 per cent to EUR8.7 billion (Q1
2016: EUR8.1 billion). In addition, the migration to the new BaufiSmart
front-end system for EUROPACE had a 'dampening' effect in numerical terms
on the volume of transactions, making it impossible to draw an exact
comparison with the figure of EUR9.4 billion for the corresponding prior-
year period. The introduction of the Mortgage Credit Directive (MCD) also
had a considerable impact on the market in general. This was illustrated by
figures from Deutsche Bundesbank which revealed a year-on-year decline of
13 per cent in April and 8 per cent in May. EUROPACE was able to gain a
significant amount of market share in this area following the introduction
of the MCD, specifically because of the excellent support it provides for
advisors.
The building finance product segment was also affected and reported EUR1.7
billion for the second quarter of this year, which was slightly higher than
in the previous quarter but down on the figure of EUR2.0 billion for the
second quarter of 2015. "In addition to the challenges presented by the
Mortgage Credit Directive, there was a particularly high number of public
holidays in May, which reduced the level of business activity," explained
Thilo Wiegand, Chief Executive Officer of Europace AG. "In June, however,
market players were running at full throttle. July has also got off to a
very promising start."
The personal loan product segment made significant gains. The volume of
personal loans rose by a further 4 per cent compared with what had already
been a strong first quarter and reached EUR603 million (Q1 2016: EUR580
million). This constitutes a year-on-year rise of around 35 per cent (Q2
2015: EUR448 million).
Note: Neither the revenue nor the earnings generated by Europace AG can be
directly extrapolated from the transaction figures given above. All figures
on the volume of financial products processed include cancellations and,
consequently, cannot be compared directly with the revenue figures shown,
which exclude cancellations.
About EUROPACE
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 more than 350 partners, including banks, insurance
and financial product distributors. Several thousand users execute some
35.000 transactions worth a total of up to EUR4 billion on EUROPACE every
month. 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. At the end of 2015 Hypoport was
admitted to the SDAX.
Press contact
Hypoport AG
Michaela Reimann
Head of Group Communications
Tel: +49 (0)30 42086 1936
Email: [email protected]
www.hypoport.com
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15.07.2016 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.
Archive at www.dgap.de
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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
End of News DGAP News Service
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482969 15.07.2016
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