Hypoport rises after recording first quarterly volume growth in 18 months
22/01/2024 08:59
** Hypoport HYQGn.DE shares rise 8.36% after the German
financial services provider reported its preliminary results for
Q4 2023 recording growth for the first quarter after five
consecutive quarters of decline
** Fourth quarter core mortgage finance volume grew by 8%
year-on-year to reach 12.7 billion euros ($13.83 billion)
** "This is the first quarter of yoy growth after five
consecutive quarters of significant yoy declines. Volume growth
was particularly driven by business with savings and cooperative
banks, which saw business up c.40% yoy respectively, confirming
the on-going positive traction with these banking organisations"
Berenberg writes
** Hypoport's stock tops Germany's smallcaps index .SDAXI
($1 = 0.9184 euros)
(Reporting by Tristan Veyet)
((Tristan.chabba@thomsonreuters.com))