Hypoport SE
Hypoport AG: EUROPACE – Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017
DGAP-News: Hypoport AG / Key word(s): Market Report/Miscellaneous Press release Volume of transactions in the first half of 2017 EUROPACE: Transaction volume reaches around EUR200 million per sales day for the first time in the second quarter of 2017 – Total volume of transactions rises by 12.5 per cent compared with the first half of 2016 – GENOPACE and FINMAS sub-marketplaces generate disproportionately strong growth – Overall market for mortgage finance expands only slightly year on year
According to Deutsche Bundesbank, the overall market for mortgage finance in the period January to May 2017 expanded by just 3 per cent to EUR98.4 billion, compared with EUR95.5 billion in the prior-year period. This was the case even though the market had suffered significantly in April and May of last year due to the flawed introduction of the Mortgage Credit Directive. “We expect the overall market volume for June to be lower than in the same month of last year,” explains Ronald Slabke, Chief Executive Officer of Hypoport AG. “Given that there is a huge amount of demand in the housing market, this is a clear signal to politicians that a great deal more needs to be done for the private housing market.” 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). 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.
21.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Hypoport AG |
Klosterstraße 71 | |
10179 Berlin | |
Germany | |
Phone: | +49/30 42086-0 |
Fax: | +49/30 42086-1999 |
E-mail: | ir@hypoport.de |
Internet: | www.hypoport.de |
ISIN: | DE0005493365 |
WKN: | 549336 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |