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Hypoport AG: Europace - Quarterly transaction volume tops the EUR9 billion mark for the first time
DGAP-News: Hypoport AG / Key word(s): 9-month figures
Hypoport AG: Europace - Quarterly transaction volume tops the EUR9
billion mark for the first time
15.10.2014 / 08:44
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Press release
Volume of transactions in Q3 2014
Europace: Quarterly transaction volume tops the EUR9 billion mark for the
first time
Berlin, 15 October 2014: The volume of transactions processed on the
Europace financial marketplace in the third quarter of 2014 totalled
EUR9.58 billion, representing a year-on-year rise of more than 11 per cent.
The months of July and September 2014 were the two most successful in the
company's history with transaction volumes across all product segments of
EUR3.42 billion and EUR3.24 billion respectively. Further double-digit
growth in the home loans product segment made a particularly significant
contribution to setting the new transaction record. The volume of
transactions in Europace's biggest product segment was up by around 13 per
cent year on year. The transaction volume for the first nine months of 2014
(EUR27.04 billion) also represents a year-on-year increase of more than 11
per cent (2013: EUR24.29 billion).
"The economic conditions remain favourable for some financial products,"
reported Thilo Wiegand, Chief Executive Officer of Europace AG. "Demand for
housing remains high because of low interest rates. Although the supply of
real estate in attractive locations is becoming scarcer, which is capping
growth in the total lending volume, Europace has succeeded in increasing
its share of the market as a whole because it is achieving ever greater
market penetration."
Performance of the EUROPACE platform in the third quarter of 2014
In the third quarter of this year, the transaction volume processed on
Europace across all product segments was around EUR1 billion higher than in
the same period last year when it totalled EUR8.62 billion. In absolute
terms, mortgage finance remained the product segment with the largest share
of Europace's aggregate business volume. It accounted for EUR7.43 billion
in the third quarter of 2014, which represented a rise on the volume of
EUR6.60 billion in the same period last year and an increase of 9 per cent
on the previous quarter. Personal loans, the smallest product segment,
topped the 400 million mark for the first time in the third quarter of 2014
with a transaction volume of EUR401 million (Q3/2013: EUR376 million).
"Although interest rates in general are extremely low, demand for building
Press release
Volume of transactions in Q3 2014
Europace: Quarterly transaction volume tops the EUR9 billion mark for the
first time
Berlin, 15 October 2014: The volume of transactions processed on the
Europace financial marketplace in the third quarter of 2014 totalled
EUR9.58 billion, representing a year-on-year rise of more than 11 per cent.
The months of July and September 2014 were the two most successful in the
company's history with transaction volumes across all product segments of
EUR3.42 billion and EUR3.24 billion respectively. Further double-digit
growth in the home loans product segment made a particularly significant
contribution to setting the new transaction record. The volume of
transactions in Europace's biggest product segment was up by around 13 per
cent year on year. The transaction volume for the first nine months of 2014
(EUR27.04 billion) also represents a year-on-year increase of more than 11
per cent (2013: EUR24.29 billion).
"The economic conditions remain favourable for some financial products,"
reported Thilo Wiegand, Chief Executive Officer of Europace AG. "Demand for
housing remains high because of low interest rates. Although the supply of
real estate in attractive locations is becoming scarcer, which is capping
growth in the total lending volume, Europace has succeeded in increasing
its share of the market as a whole because it is achieving ever greater
market penetration."
Performance of the EUROPACE platform in the third quarter of 2014
In the third quarter of this year, the transaction volume processed on
Europace across all product segments was around EUR1 billion higher than in
the same period last year when it totalled EUR8.62 billion. In absolute
terms, mortgage finance remained the product segment with the largest share
of Europace's aggregate business volume. It accounted for EUR7.43 billion
in the third quarter of 2014, which represented a rise on the volume of
EUR6.60 billion in the same period last year and an increase of 9 per cent
on the previous quarter. Personal loans, the smallest product segment,
topped the 400 million mark for the first time in the third quarter of 2014
with a transaction volume of EUR401 million (Q3/2013: EUR376 million).
"Although interest rates in general are extremely low, demand for building
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