Hypoport seen rising on strong Q1 mortgage growth
13/04/2022 07:57
** Shares in German financial services provider Hypoport
HYQGn.DE are seen up 5.4% in early trade after strong growth
in mortgage finance boosted Q1 credit platform transactions
** The group's credit platform business, its largest
segment, reported transaction volume per sales day of 528.4
million euros ($572.20 million) in Q1, exceeding half a billion
for the first time urn:newsml:reuters.com:*:nASM0007LK
** Mortgage finance, the biggest product group within the
segment, increased its transaction volume by 26% to 28 billion
euros in the quarter
** Hypoport is seen at the top of German mid-cap index
.MDAXI
($1 = 0.9234 euros)
(Reporting by Alexander Kloss)
((alexander.kloss@thomsonreuters.com))