2nd quarter 2009: Interhyp’s brokered mortgage volume reaches 1.337 billion Euros

(Munich, August 12th 2009) Interhyp AG, Germany’s largest distributor of residential mortgages, rose the brokered mortgage volume against the first quarter 2009 by 20 percent to 1.337 billion Euros (Q1 2009: EUR 1.116 billion). This corresponds to 9,378 closed residential mortgages (Q1 2009: 8,015). Net revenues grew to 14.4 million Euros (Q1 2009: EUR 13.3 million) and earnings before interest and taxes (EBIT) reached 0.7 million Euros (Q1 2009: EUR 0.2 million). Net income was at 0.6 million Euros (Q1 2009: EUR 0.3 million).

"Although we could not yet reach last year’s levels, the results in the second quarter show a strong momentum and proof the strength of our business model: In the last months we could increase the number of partners on our open product platform by more than 100 banks. Therewith, also in a difficult environment we offer our customers an even broader choice at best rates", comments Robert Haselsteiner, founder and Co-CEO of Interhyp AG, on the results.

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 150 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