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Metroplex Mortgages

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Managing Director

Munich financial broker pool report good business in all six divisions Munich, 01.10.2013 the Fund financial Broker service GmbH has 2013 with revenues amounting to EUR 47.9 million in the first half of the year (py EUR 46.1 million) earns the highest half-year result of in company history. The record is supported by a good business development in all six divisions. The broker pool expects a result of from ordinary activities of EUR 3 million for the full year (previous year: EUR 7.2 million). The decline is located on high levels of investment in the strategic development of the divisions construction financing, property and investment. The number of staff is expected to grow to more 30 employees by the end of the year. The Fund finance can look back on the terms of sales-best first half of its history.

Worn by a very good business in all six divisions the commissions (45.7 million euros) and other revenues (EUR 2.2 million) have evolved very positively. The record is a good one in the first half of “Indicator for our positioning in the market and shows that we us best have adjusted to changing conditions”, says Norbert Porazik, Managing Director of the Fund financial. For the full year, the broker pool anticipates a result of from ordinary activities of EUR 3 million and a profit (EAT) in the low millions. The decline in profit compared to the previous year explains Tim Broning, Member of the Executive Board and responsible for the finance, with the high level of investment of in strategic projects of the pool: In the coming year, we will make a giant step forward. We introduce an own category mortgages, commercial property starts with full force and Division we can expect to encounter investment a consolidated platform and some other innovations leading to the German broker pools. This expansion of our offer will initially cost money, but brings us into the future-safe and stable revenue”.

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