Hypoport SE
Hypoport AG: Dr. Klein – strong growth in loan transaction volumes and insurance portfolio
Hypoport AG / Key word(s): Miscellaneous Press release Volume of Private Clients transactions in 2013 Dr. Klein: strong growth in loan transaction volumes and insurance portfolio Lübeck, 7 February 2014: The Private Clients division of financial service provider Dr. Klein & Co. AG increased its volume of loan transactions by 18 per cent in 2013. The volume of transactions in new insurance business contracted by 9 per cent year on year in line with market trends. In particular the one-off effect of the introduction of gender-neutral insurance rates in 2012 was absent from the new insurance business transacted in 2013 and therefore resulted in a disappointing fourth quarter. The insurance portfolio grew by 38 per cent over the same period. Dr. Klein & Co. AG once again made a valuable contribution to the transaction growth achieved by the Private Clients business unit in the Hypoport Group. The volume of loan transactions increased by 18 per cent year on year to EUR5.4 billion (2012: EUR4.5 billion). Attractive terms and conditions, high demand and Dr. Klein’s branch network throughout Germany helped generate strong growth. The volume of insurance transactions completed in 2013 came to EUR21.7 million (2012: EUR23.7 million). Whereas the total value of new health insurance and life insurance policies purchased fell, transaction volumes in general insurance rose sharply. The aggregate insurance portfolio, which is important for the Company’s future, grew by 38 per cent to EUR101.1 million, topping the EUR100 million mark for the first time (2012: EUR73.0 million). Dr. Klein remains the largest franchise organisation in the German financial services industry. Stephan Gawarecki places the transaction-related figures in context Stephan Gawarecki, the chief executive officer (CEO) of Dr. Klein & Co. AG, placed the loan transaction figures within the context of prevailing trends in the lending market: ‘Interest rates on loans fell to a new all-time low during the period January to May 2013 before edging up again between May and September. Apart from when they rose sharply in May, rates remained sluggish in 2013. In addition, growth in the mortgage finance market as a whole continued to be constrained by the shortage of available properties. We grew much more strongly than the overall market, whose volumes increased only marginally. Our access to virtually all product suppliers often enables us to offer the most favourable terms and conditions. What’s more, we provide all our customers in Germany with personal, face-to-face advice at one of our branch offices near where they live.’ Explanatory note concerning information on Dr. Klein’s financial results About Dr. Klein & Co. AG www.drklein.de Contact: Michaela Reimann Head of Communications Hypoport AG Klosterstraße 71 10179 Berlin Mobile: +49 (0) 151 / 58 04 – 1936 Phone.: +49 (0) 30 / 4 20 86 – 1936 E-mail: michaela.reimann@hypoport.de Internet: www.hypoport.de Twitter: http://twitter.com/Hypoport End of Corporate News 07.02.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart | |
End of News | DGAP News-Service |
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