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Hypoport AG: EUROPACE - Transaction volume up by 18 per cent year on year
DGAP-News: Hypoport AG / Key word(s): Quarter Results
Hypoport AG: EUROPACE - Transaction volume up by 18 per cent year on
year
15.04.2014 / 08:57
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Press release
Volume of transactions in Q1 2014
EUROPACE: Transaction volume up by 18 per cent year on year
Berlin, 15 April 2014: The volume of transactions processed on the Europace
financial marketplace in the first quarter of 2014 was up by roughly 18 per
cent year on year to a total EUR8.46 billion. This is the third time that
the transaction volume has topped the EUR8 billion mark. In March 2014
alone, the volume of transactions processed across all product segments
reached EUR3.16 billion. The personal loans product segment recorded the
biggest increase in its transaction volume, which was up by around 26 per
cent on the first quarter of last year, thus continuing a trend seen in the
results for 2013 as a whole. The building finance product line followed
with an increase of roughly 20 percent, while growth in mortgage finance
was around 17 per cent.
"The economic conditions are favourable for some financial products,"
reports Thilo Wiegand, Chief Executive Officer of Europace AG. "Demand for
residential property is high because interest rates are low, Germany's
economic prospects are good and wages are rising. Added to which, the
Europace marketplace with its lean processes and ability to offer
third-party brokerage to an increasing number of financial institutions is
establishing itself as an attractive distribution channel."
Performance of the Europace platform in the first quarter of 2014
In the first quarter of this year, the transaction volume processed on
Europace across all product segments rose to EUR8.46 billion, outstripping
the volume of EUR7.20 billion in the first quarter of 2013 by more than a
billion. In absolute terms, mortgage finance remained the product segment
with the largest share of Europace's aggregate business volume. It
accounted for EUR6.45 billion in the first quarter of 2014, and for EUR5.53
billion in the same period in 2013. Personal loans, the smallest product
segment, achieved the strongest growth with a first-quarter transaction
volume of EUR396 million in 2014 compared with EUR315 million in the same
period of last year. "Building finance products remain in demand," says
Wiegand. "They enable home buyers to secure low interest rates over the
long term, and eliminate interest-rate risk. At the beginning of the year,
several building finance associations also brought their charges in line
Volume of transactions in Q1 2014
EUROPACE: Transaction volume up by 18 per cent year on year
Berlin, 15 April 2014: The volume of transactions processed on the Europace
financial marketplace in the first quarter of 2014 was up by roughly 18 per
cent year on year to a total EUR8.46 billion. This is the third time that
the transaction volume has topped the EUR8 billion mark. In March 2014
alone, the volume of transactions processed across all product segments
reached EUR3.16 billion. The personal loans product segment recorded the
biggest increase in its transaction volume, which was up by around 26 per
cent on the first quarter of last year, thus continuing a trend seen in the
results for 2013 as a whole. The building finance product line followed
with an increase of roughly 20 percent, while growth in mortgage finance
was around 17 per cent.
"The economic conditions are favourable for some financial products,"
reports Thilo Wiegand, Chief Executive Officer of Europace AG. "Demand for
residential property is high because interest rates are low, Germany's
economic prospects are good and wages are rising. Added to which, the
Europace marketplace with its lean processes and ability to offer
third-party brokerage to an increasing number of financial institutions is
establishing itself as an attractive distribution channel."
Performance of the Europace platform in the first quarter of 2014
In the first quarter of this year, the transaction volume processed on
Europace across all product segments rose to EUR8.46 billion, outstripping
the volume of EUR7.20 billion in the first quarter of 2013 by more than a
billion. In absolute terms, mortgage finance remained the product segment
with the largest share of Europace's aggregate business volume. It
accounted for EUR6.45 billion in the first quarter of 2014, and for EUR5.53
billion in the same period in 2013. Personal loans, the smallest product
segment, achieved the strongest growth with a first-quarter transaction
volume of EUR396 million in 2014 compared with EUR315 million in the same
period of last year. "Building finance products remain in demand," says
Wiegand. "They enable home buyers to secure low interest rates over the
long term, and eliminate interest-rate risk. At the beginning of the year,
several building finance associations also brought their charges in line
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