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EANS-News: Hypoport AG / Dr. Klein: double-digit growth in advisors and branches

Geschrieben am 25-01-2013

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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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Company Information/Volume of Private Clients transactions

Berlin (euro adhoc) - The Private Clients division of financial
service provider Dr. Klein & Co. AG generated significant
double-digit growth in 2012, with the number of its advisors rising
by 18 per cent year on year to 759. Dr. Klein's branch network
expanded by 16 per cent to 206 outlets, strengthening the Company's
position as the largest franchise organisation in the German
financial services industry. The nationwide increase in the numbers
of Dr. Klein's advisors and branches is also reflected in the
transaction volumes generated across its various business lines. The
value of loan brokerage transactions advanced by 19 per cent, while
the volume of insurance transactions was dented by the tough market
conditions and consequently fell by 13 per cent year on year despite
positive effects from the growth in the branch network.

Dr. Klein & Co. AG thus made a valuable contribution to the
transaction growth achieved by the Private Clients business in the
Hypoport Group. In 2012 this business unit generated a total
transaction volume of some EUR4.59 billion from loan brokerage, which
constituted a year-on-year increase of 19 per cent (2011: EUR3.86
billion). The value of transactions generated across all insurance
products last year declined to EUR23.8 million owing to the
regulatory and interest-rate challenges facing the insurance market
(2011: EUR27.5 million). By significantly raising the number of its
advisors, Dr. Klein managed to position itself well for the future
despite the adverse trends prevailing in the insurance market.
Stephan Gawarecki, the chief executive officer (CEO) of Dr. Klein,
believes that the growth in the numbers of advisors and branches can
be attributed to the Company's business model. "The huge loss of
trust and confidence in the financial services sector is making
customers increasingly discerning. This is boosting demand for
impartial advisors who offer clear and comprehensive advice. Dr.
Klein has been winning trust and operating successfully according to
this principle ever since 1954 and is therefore an employer of choice
for highly qualified financial advisors."

2012 was a great year for loan products The low level of interest
rates made highly attractive borrowing terms available for customers
in 2012. The volume of mortgage finance transactions grew by 20.5 per
cent year on year to EUR4.17 billion (2011: EUR3.46 billion), while
the volume of building finance transactions generated over the same
period jumped by an impressive 42.7 per cent to EUR104 million (2011:
EUR73.1 million). The market for personal loans remained more or less
flat in 2012, as it had in the previous year. This trend was
illustrated by the volume of personal loans brokered, which was
virtually unchanged at EUR311.7 million (2011: EUR319.8 million).

Regulation and low interest rates acting as a drag on the insurance
market Several trends and developments in the insurance market had a
particularly negative impact on high-margin insurance products in
2012. In addition, the lacklustre operating environment delayed - and
diminished - the amount of year-end business that is usually
generated from October onwards. The value of health insurance
products sold fell by 47.9 per cent to EUR7.3 million owing to the
recent capping of commissions and the extension of policy
cancellation periods (2011: EUR14.1 million). At the same time the
low level of interest rates caused problems for life insurance
companies. The total value of life insurance policies and personal
investments sold rose by 15.2 per cent to EUR13.3 million despite the
challenging market conditions (2011: EUR11.5 million). General
insurance - Dr. Klein's smallest product segment - grew by a
substantial 70.8 per cent to EUR3.2 million (2011: EUR1.9 million).
The total portfolio of policies under management at the end of 2012
had increased by 0.83 per cent compared with the previous quarter to
EUR73.0 billion (Q3 2012: EUR72.4 billion).

Information on Dr. Klein Dr. 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. Around 750 specialists deliver impartial and comprehensive
advice over the internet and at more than 200 branches on issues such
as current accounts, deposits, insurance, investments, mortgages and
personal loans. 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.

Further inquiry note:
Michaela Reimann
Head of Corporate Communications
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de

end of announcement euro adhoc
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company: 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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