Press release
Volume of EUROPACE transactions in the first quarter of 2015 New record for EUROPACE: transaction volume tops the €10 billion mark for the first time Berlin, 09 April 2015: The volume of transactions processed on the EUROPACE marketplace for financial products grew to €11.1 billion in the first quarter of 2015. This represented an increase of more than 31 per cent compared with the corresponding period of last year. EUROPACE therefore beat its previous record - set in the third quarter of 2014 - and topped the €10 billion mark for the first time."I am delighted that we have achieved this new quarterly record. The volume of new loans brokered via our platform in March of this year averaged more than €200 million per working day", commented Thilo Wiegand, the Chief Executive Officer of Europace AG. "This success can, above all, be attributed to the performance of our currently more than 300 platform partners; however, it is also driven by the large number of working days in the first quarter of this year and by the early onset of construction activity owing to the mild weather."
The product segments in detailThe mortgage-finance product segment once again contributed the largest share of the total transaction volume, generating €8.9 billion (up 37 per cent). The value of transactions processed in the Bausparen segment grew by almost 15 per cent to €1.9 billion, while the volume of personal-loan transactions advanced by more than 9 per cent to €434 million. Following a weaker fourth-quarter figure as a result of seasonal factors, EUROPACE saw the Company's best ever result. EUROPACE's previous record had been the transaction volume of €9.6 billion achieved in the third quarter of 2014.
Management Board: | Supervisory Board: | Berlin-Charlottenburg local court |
Thilo Wiegand | Ronald Slabke (chairman) | HRB 136078 B |
Klaus Kannen | Stephan Gawarecki | VAT reg. no.: DE271206111 |
Hans Peter Trampe | Website: www.europace.de |
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31.6
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12.9
15.1
21.2
8.5
11.1
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EUROPACE is an online financial marketplace that is run by Europace AG and its sister companies. It is the largest German transaction platform offering mortgages, building finance products and personal loans. A fully integrated system links roughly
300 partners - banks, insurers and financial product distributors. Several thousand users execute some 30,000 transactions per month on this platform, generating an annual volume in excess of €35 billion. EUROPACE has been certified as meeting the requirements of the TÜV data protection assessment. Europace AG is a wholly owned subsidiary of Hypoport AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange.
Press contactEuropace AG Sven Westmattelmann
Klosterstrasse 71 Communications Manager
10179 Berlin Tel.: +49 (0)30 420 861 935
Germany Mobile: +49 (0)151 5802 7993
Website: www.europace.deEmail: presse@europace.de
Twitter: www.twitter.com/Europace
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