DGAP-News: Hypoport AG / Key word(s): Market Report Press release Volume of transactions for Q1 to Q3 2017 Hypoport: Financial marketplace EUROPACE reaches transaction volume of around EUR36 billion for the first nine months of 2017 - Overall mortgage finance market is stagnating - Total volume of transactions via EUROPACE rises by 9.6 per cent compared with the first nine months of 2016 - Volume of transactions per sales day down slightly in the third quarter of 2017 - Sub-marketplaces for cooperative banks and savings banks generate disproportionately strong growth Berlin, 17 October 2017: In the first nine months of the year, the overall transaction volume* of the EUROPACE B2B financial marketplace rose by 9.6 per cent to EUR36.4 billion. The GENOPACE (cooperative banks) and FINMAS (savings banks) sub-marketplaces further extended their share of the overall EUROPACE marketplace. According to the latest figures from Deutsche Bundesbank, the total market for mortgage finance in the period January to August 2017 only expanded by about 1 per cent to EUR158.3 billion, compared with EUR157.1 billion in the prior-year period. Against this market background, Ronald Slabke, Chief Executive Officer of Hypoport AG, explains: "We have shown once again that we operate more successfully than the market as a whole. However, due to the stagnating overall mortgage finance market, the rate of growth of our transaction volume has slowed slightly."
In the first nine months of 2017, EUROPACE achieved a total transaction volume of EUR36.4 billion (Q1-Q3 2016: EUR33.2 billion, increase of 9.6 per cent), and in the third quarter of 2017 it was EUR12.3 billion (Q3 2016: EUR11.8 billion, increase of 4.3 per cent). In addition to the positive platform performance, the high overall transaction volume in the third quarter of 2017 is also attributable to 5.5 extra sales days (defined as the number of working days without Saturdays, less half of the number of 'bridging days', i.e. days falling between public holidays and weekends) compared to the second quarter of 2017. The transaction volume per sales day in the third quarter was EUR190 million (Q3 2016: EUR179 million, Q2 2017: EUR199 million). On the product supplier side of the marketplace, both the Savings Banks Finance Group institutions, with EUR4.0 billion (Q1-Q3 2016: EUR2.6 billion, increase of 53 per cent) and the cooperative financial network with EUR2.4 billion (Q1-Q3 2016: EUR2.1 billion; increase of 18 per cent) were able to extend their market share further compared to private banks and insurance companies. * 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. Information on Hypoport AG Contact Key data on Hypoport's shares
17.10.2017 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 |
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