18.10.2016
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: EUROPACE transaction volume approaches EUR12 billion for the first time in the third quarter
DGAP-News: Hypoport AG / Key word(s): 9-month figures
Hypoport AG: EUROPACE transaction volume approaches EUR12 billion for the
first time in the third quarter
18.10.2016 / 08:27
The issuer is solely responsible for the content of this announcement.
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Press release
Volume of EUROPACE transactions in the first nine months of 2016
Transaction volume approaches EUR12 billion for the first time in the third
quarter
Berlin, 18 October 2016: The volume of transactions generated by the
EUROPACE platform reached a record high of EUR11.8 billion in the third
quarter of 2016. The total volume of loans requested via EUROPACE was 8 per
cent higher than in the previous quarter. In addition to the benign market
environment, the volume of loans requested was also boosted by the new,
user-friendly BaufiSmart front-end system. The overall transaction volume
for the year to date is still slightly depressed by the weaker spring
months of April and May, which had been adversely affected by the
introduction of the Mortgage Credit Directive. At EUR33.1 billion, the
figure for the year to date is slightly below the record figure for the
prior-year period, which had been helped by the interest-rate rise in the
spring of 2015. The reported transaction volume for the current period is
more informative than that for the prior-year period, because the migration
to BaufiSmart makes it possible to capture the figures more accurately.
This has to be borne in mind when making a direct year-on-year comparison.
The mortgage finance product segment generated the greatest growth compared
with the second quarter of 2016, rising by 9 per cent to EUR9.4 billion (Q2
2016: EUR8.6 billion). The value of mortgage finance products sold in the
first nine months of 2016 was EUR26.1 billion (Q1-Q3 2015: EUR27.1
billion).
The transaction volume attributable to the building finance product segment
in the third quarter was up by around 3 per cent on the previous quarter at
EUR1.76 billion (Q2 2016: EUR1.71 billion). For the first nine months of
the year, the figure for building finance was down by around 10 per cent
year on year at EUR5.2 billion (Q1-Q3 2015: EUR5.7 billion).
The transaction volume attributable to the personal loans product segment
in the third quarter was up by 3 per cent on the previous quarter at EUR618
million (Q2 2016: EUR603 million). In total, the figure for personal loans
for the first nine months of the year was around 30 per cent higher than
the corresponding prior-year period at EUR1.80 billion (Q1-Q3 2015: EUR1.38
billion).
Note: Neither the revenue nor the earnings generated by EUROPACE 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.
Contact:
Michaela Reimann
Head of Investor Relations & Public Affairs
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1936
Fax: +49 (0) 30 / 4 20 86 - 1999
E-Mail: [email protected]
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
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18.10.2016 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,
Tradegate Exchange
End of News DGAP News Service
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512297 18.10.2016
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