At the financial services provider Hypoport, business growth in loan brokerage has weakened significantly.
On Europace, the in-house platform for real estate financing, home loan and savings products and installment loans, the transaction volume grew in the third quarter by only 2.2 percent year-on-year to a good 24.1 billion euros, as Hypoport announced in Berlin on Wednesday. In the first quarter the increase was almost 30 percent and in the second quarter almost 20 percent. In the largest business area, real estate financing, growth also declined in the third quarter.
Company boss Ronald Slabke was nevertheless satisfied with the course of business. “We were able to significantly increase the volumes of our B2B platforms in only slightly growing or even slightly declining markets,” he said with a view to the first nine months of the year.
Hypoport shares temporarily lose 2.66 percent to EUR 487.20 in XETRA trading.
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