EANS-News: Hypoport AG EUROPACE: exceeds 2011 volume in just nine months /
German marketplace for financial products paves the way for the future
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quarterly report/transaction volume
Berlin, 15 October 2012 (euro adhoc) - The volume of transactions completed via
Germany's largest marketplace for financial products amounted to around EUR22
billion in the first nine months of 2012, exceeding the EUR21 billion generated
in 2011 as a whole. The online financial marketplace boosts the processing
efficiency of its partners - banks, building finance associations, insurers and
financial product distributors - and is gaining increasing importance as a
management tool.
"Fierce competition, growing regulatory requirements and highly volatile funding
conditions mean product suppliers and financial service providers need to manage
their loan business on the basis of reliable, up-to-the-minute and granular
information," said Thilo Wiegand, a member of Europace AG's Management Board.
"If they fail to recognise the importance of the financial platform now, they
will not be able to satisfy legislators' demands, will incur higher costs and
will reach fewer customers in future." Financial product distributors who use
the platform to offer customers the best possible product for their needs from
across the full range of providers are steadily gaining market share and come
out top in industry tests and comparisons of conditions. Over the past nine
months, 25 further financial institutions and partner organisations decided to
sign up to the platform and all its benefits.
The volume of transactions increased by 17 per cent year on year to a total of
EUR7.22 billion in the third quarter of 2012 (Q3 2011: EUR6.17 billion). In the
first nine months of 2012, the volume of transactions rose by 46 per cent to
EUR21.80 billion compared with the same period last year (Q1-Q3 2011: EUR14.93
billion). The volume of mortgage finance transactions advanced by 12 per cent to
EUR5.58 billion for the period July to September (Q3 2011: EUR4.98 billion). In
the third quarter of 2012, the volume of personal loan transactions was up by
around 8 per cent on the same period of 2011 at EUR0.31 billion (Q3 2011:
EUR0.29 billion). Building finance products generated a volume of EUR1.34
billion, equating to an increase of 46 per cent compared with the same period of
last year (Q3 2011: EUR0.91 billion).
Information on Europace AG
Europace AG operates EUROPACE, which is an online B2B financial marketplace and
the largest German transaction platform offering mortgages, building finance
products and personal loans. A fully integrated system links roughly 190
partners - banks, insurers and financial product distributors. Several thousand
users execute over 20,000 transactions worth a total of up to EUR3 billion on
EUROPACE every month. Based in Berlin, Europace AG is a wholly owned subsidiary
of Hypoport AG, which employs more than 500 people and is listed in the Prime
Standard of the Frankfurt Stock Exchange.
Further inquiry note:
Michaela Reimann
Press spokesperson
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de
end of announcement euro adhoc
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company: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English