DGAP-News

Hypoport AG: EUROPACE - Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017 - Seite 2

In this market environment, EUROPACE maintained its growth trajectory and generated a transaction volume* totalling EUR24.0 billion in the first six months of 2017 (H1 2016: EUR21.4 billion, increase of 12.5 per cent).

"Taking into account that there were fewer sales days - defined as the number of working days plus half of the number of 'bridging days' (days falling between public holidays and weekends) - in the second quarter of 2017, our transaction volume per sales day rose to EUR199 million (Q2 2016: EUR176 million; Q1 2017: EUR187 million). EUROPACE is continuing to gain market share rapidly," adds Ronald Slabke.

The growth of the EUROPACE marketplace is still being driven by increases achieved by neutral mortgage finance distributors and by EUROPACE's success in becoming an established technology-based advisory solution for regional banks. In the first half of 2017, the FINMAS volume rose to EUR1.1 billion (H1 2016: EUR0.7 billion, increase of 58 per cent), while the volume of business concluded via GENOPACE grew to EUR0.6 billion (H1 2016: EUR0.5 billion, increase of 32 per cent). "The German banking sector is rapidly expanding its use of digital technologies for mortgage finance," says Ronald Slabke. "EUROPACE offers the ideal sales solution for every bank and savings bank, regardless of whether they aim to grow through greater use of third-party distributors, online, in their own branches, through the sale of their own products and services or through the brokerage of third-party products."

On the product supplier side, the Sparkasse-Group and the institutions in the cooperative financial network continue to benefit disproportionately from EUROPACE's growth and are taking market share from private banks. In the first half of 2017, they generated increases of 52 per cent to EUR2.5 billion (H1 2016: EUR1.6 billion) and of 22 per cent to EUR1.6 billion (H1 2016: EUR1.3 billion) respectively.

* All figures on the volume of financial products processed include cancellations and, consequently, cannot be compared directly with the revenue figures shown, which exclude subsequent cancellations. Neither the revenue nor the earnings generated by Hypoport can be directly extrapolated from the transaction figures given above.