Preliminary results 2008: Interhyp raised closed mortgage volume to 5.9 billion Euros

More than 100 banks on Interhyp’s mortgage platform

(Munich, 18 February 2009) Interhyp AG, Germany’s largest residential mortgage broker, also in 2008 grew against the market trend: Closed mortgage volume rose to 5.9 billion Euros (2007: EUR 5.7 billion). The number of closed mortgages reached 38,908 (2007: 38,645). Therewith, Interhyp increased its market share in new mortgage business for the full year to 3.32 percent (2007: 3.11 %). Net revenues were at 73.2 million Euros (2007: EUR 75.4 million). Earnings before interest and taxes (EBIT) came – mainly due to one-time special effects in connection with the takeover by ING DIRECT – to 12.5 million Euros (2007: EUR 28.5 million). Net income was at 8.0 million Euros (2007: EUR 18.1 million).

"Even in the current market environment our business model shows its clear advantages: Consumers trust us because they benefit from a wide choice of lenders, independent advice from mortgage specialists and excellent interest rates", says Robert Haselsteiner, founder and Co-CEO of Interhyp, and adds: “At the same time, our open architecture model is becoming more and more attractive to more and more banks. Especially regional lenders use Interhyp increasingly as an efficient way to find new and attractive customers. Thus, we now have more than 100 banks on our mortgage platform – trend: upwards.”

About Interhyp
With EUR 5.9 billion in new residential mortgage volume in 2008, Interhyp is Germany's leading residential mortgage broker. Interhyp combines the power of the Internet with high quality mortgage advice. More than 250 mortgage consultants can choose independently among the products of more than 100 mortgage lenders to provide borrowers with rates that are significantly below those of traditional branch-based retail banks. In addition to its direct channel, Interhyp offers face to face advice in its offices in Augsburg, Berlin, Bielefeld, Bremen, Cologne, Dortmund, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover, Karlsruhe, Leipzig, Mannheim, Munich, Nuremburg, Stuttgart and Wiesbaden.

Press contact
Christian Kraus, SVP Corporate Communications, Telephone +49 89 20 30 7 13 01, E-Mail: christian.kraus@interhyp.de