HVB, savings from youth

Transylvania leads by 42% of the total contracts signed by the HVB Bank for Housing, according to their regional distribution. Likewise, youth of 25-35 years prefer the savings system – loans promoted by the HVB Bank for Housing, a press release of the bank issued to our editorial staff shows. This segment covers 28% of the bank’s sales. Youth are followed by persons over 45, who save for their children. The amounts contracted generally reach 200 million ROL lei, with a proportion of 41%, which indicates the fact that “destination of funds offered by savings loans banks is mostly modernization or renovation of housing already built”, the HVB Bank for Housing press release shows. In the conference in Bucharest there were presented not only the financial results of the bank for 2005, but also the objectives for 2006, consisting of the susstained development of the distribution channel through proper sales managers, as well as the bank channel with the support of its partners – HVB Tiriac, Unicredit and Creditcoop. (S.G.)