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DGAP-News: Hypoport AG: Private Clients - volume of loans brokered and insurance portfolio continue to grow

July 27, 2014

DGAP-News: Hypoport AG / Key word(s): Quarter Results Hypoport AG: Private Clients - volume of loans brokered and insurance portfolio continue to grow 28.07.2014 / 08:47 --------------------------------------------------------------------- Press release Volume of Private Clients loan brokerage in the first half of 2014 Private Clients: volume of loans brokered and insurance portfolio continue to grow LÜbeck, 28 July 2014: The volume of loans brokered in Hypoport AG's Private Clients division under its main brand, Dr. Klein, increased by 10.0 per cent year on year to EUR2.96 billion in the first six months of 2014. By contrast, the volume of new insurance business fell by a further 22.2 per cent compared with the corresponding period of 2013, reaching EUR8.6 million. The insurance portfolio managed by Dr. Klein delivered a better performance, growing by 8.4 per cent over the past six months to EUR109.7 million. "Business in insurance remains challenging. Across the sector, market participants had to deal with further regulatory interventions by legislators and continuing low rates of return on pension products in the second quarter," said Stephan Gawarecki, chief executive officer of Dr. Klein & Co. AG. The number of transactions relating to loan brokerage remained encouraging in the first half of 2014. There was further double-digit growth in the brokerage volume, not least due to the 49.0 per cent increase in the value of building finance products compared with the first half of 2013 (from EUR72.1 million to EUR107.5 million). However, the mortgage finance product segment continued to account for by far the largest share of the aggregate business volume, climbing by 8.6 per cent to EUR2.73 billion (H1 2013: EUR2.51 billion). New insurance business continued to contract, falling by a further 22 per cent year on year to EUR8.6 million (H1 2013: EUR11.0 million). By contrast, the insurance portfolio managed by Dr. Klein grew by more than 8.4 per cent to EUR109.7 million in the first six months of this year. A 7.4 per cent decrease in the health insurance portfolio (from EUR30.6 million to EUR28.3 million) was easily offset by a 9.3 per cent rise in the far bigger life insurance & investments portfolio (from EUR55.8 million to EUR61.0 million) and by a 38.1 per cent increase in the general insurance portfolio (from EUR14.7 million to EUR20.3 million). Note: Neither the revenue nor the earnings generated by Hypoport can be directly extrapolated from the transaction figures given above. Information on Dr. KleinDr. Klein is an independent provider of financial services for private and corporate clients. It offers personalised solutions for private clients' full range of financial needs. Some 650 specialists deliver impartial and comprehensive advice over the internet and at more than 200 branches on issues such as mortgages, insurance and investments. Dr. Klein & Co. AG has been a major financial service partner to housing companies, local authorities and commercial property investors since 1954. It provides its institutional clients with a fully integrated service comprising expert advice and customised solutions in the areas of financial management, portfolio management and insurance for business customers. Its client-focused advisory expertise and close, longstanding relationships with all leading banks and insurance companies ensure that its customers always have quick and easy access to the best financial services. Dr. Klein is a wholly owned subsidiary of Hypoport AG, an online financial service provider that is listed on the Frankfurt Stock Exchange. Contact: Christian WÜrdemann Head of Communications, Human Resources & Legal Hypoport AG Klosterstraße 71 D-10179 Berlin Phone: +49 (0) 30 / 4 20 86 - 1920 Fax: +49 (0) 30 / 4 20 86 - 281920 E-Mail: ir@hypoport.de Internet: www.hypoport.de Twitter: http://twitter.com/Hypoport End of Corporate News --------------------------------------------------------------------- 28.07.2014 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 --------------------------------------------------------------------- 279471 28.07.2014


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Source: DGAP Corporate News


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