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DGAP-News Hypoport AG: EUROPACE generates further double-digit growth and posts a transaction volume of over EUR17 billion in the first six months of 2014


DGAP-News: Hypoport AG / Key word(s): Half Year Results
Hypoport AG: EUROPACE generates further double-digit growth and posts
a transaction volume of over EUR17 billion in the first six months of
2014

15.07.2014 / 11:00

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Press release

Volume of transactions in the first half of 2014

EUROPACE generates further double-digit growth and posts a transaction
volume of over EUR17 billion in the first six months of 2014

Berlin, 15 July 2014: The volume of transactions processed on the Europace
marketplace for financial products was up by 11.4 per cent year on year to
EUR17.46 billion in the first half of 2014. Furthermore, the quarterly
volume of transactions reached a record high of EUR8.99 billion in the
second quarter of 2014. The product type with the strongest year-on-year
gain in the first six months of 2014 was building finance, but there was
also double-digit growth for personal loans.

"Given the low interest rates at the moment, building finance products are
increasingly being used to hedge the interest-rate risk of home loans,"
said Thilo Wiegand, Chief Executive Officer of Europace AG. In the personal
loans business, the Europace marketplace benefited from the continued
positive mood among German consumers and from the fact that personal loans
are increasingly being used as a supplementary product for home loans. "The
rise in the volume of transactions on the Europace financial marketplace is
due not only to expansion of the product range but also to the growing
number of partners affiliated with Europace," reported Wiegand.

Performance of the EUROPACE platform in the first half of 2014

The total volume of transactions generated across all product segments grew
by 11.4 per cent to EUR17.46 billion in the first half of 2014 (H1 2013:
EUR15.67 billion). Mortgage finance remained the product segment with the
largest share of the aggregate business volume. It accounted for EUR13.30
billion (H1 2013: EUR12.17 billion), which equated to growth of 9.3 per
cent from what was already a high level. The volume of building finance
product transactions amounted to EUR3.38 billion in the first half of 2014,
climbing by 19.1 per cent compared with the corresponding period of last
year (H1 2013: EUR2.84 billion). The transaction volume for personal loans,
the smallest product segment on the Europace platform, advanced by a
substantial 17.7 per cent to EUR776 million (H1 2013: EUR659 million).
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DGAP-News Hypoport AG: EUROPACE generates further double-digit growth and posts a transaction volume of over EUR17 billion in the first six months of 2014 DGAP-News: Hypoport AG / Key word(s): Half Year Results Hypoport AG: EUROPACE generates further double-digit growth and posts a transaction volume of over EUR17 billion in the first six months of 2014 15.07.2014 / 11:00 …

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