• 19.07.2010, 10:47:01
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  • OTE0001

EANS-News: Hypoport AG / GENOPACE: The second quarter 2010 comes first three times over!

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Subtitle: Berlin, 19 July 2010: The transaction volumes on the Genopace platform
scored top marks at all levels in the second quarter 2010! The largest
transaction volume on a daily basis, the highest level for a month and a new
record for the quarter demonstrate the growing importance of the platform.

Berlin (euro adhoc) - The Genopace platform for the Volksbank and Raiffeisenbank
sectors processed the largest ever transaction volume in its history in the
second quarter 2010. Transaction volumes increased by 73 percent year on year
and by 48 percent compared with the first quarter 2010. At Euro 110 million,
they reached a new record high. The somewhat slower start to the year was
followed by a surge in platform activity towards the end of the first quarter.
In the second quarter, it was June, in particular, which contributed to the very
satisfactory result, posting the largest ever transaction volume for a month. As
such, the cumulative transaction volume of all financing agreements that have
ever been processed through Genopace has now reached Euro 650 million. According
to Jens Fehlhauer, Managing Director of Genopace: "We are witnessing a
continuation of this positive development into the third quarter as well. The
addition of new partner banks is also driving business on the platform. Further
banks that have opted for Genopace will shortly also contribute to an increase
in transaction volumes", is how Fehlhauer emphasises the effect the platform is
having on the marketplace.

About GENOPACE
GENOPACE GmbH is a Berlin-based initiative of the Volksbanks in collaboration
with technology partner Hypoport AG and its product partners in the fields of
mortgage financing and insurance. Any Volksbank or Raiffeisenbank can use the
web-based GENOPACE platform to comprehensively optimise their sales processes
and tap new market potential. Just one data input is all it takes and GENOPACE
users receive an overview of the market, together with their own business
activity. GENOPACE provides efficient support for all steps in the process -
from loan approvals to value appraisals, right up to printing the contracts.

Further inquiry note:
Michaela Reimann
Group Communications Manager
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de
end of announcement euro adhoc
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issuer: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

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