HVB manages 83m euros through Private Banking

HVB Bank Romania is managing more than 83 million euros through its Private Banking division, which it established two years ago and now has several hundred clients. Private Banking is a personalised asset management service that provides a high level of convenience and confidentiality and is aimed at the clients who invest at least 100,000 euros. “Over the last twelve months, the number of HVB Bank clients with more than 100,000 euros increased by 20%, while total assets placed in this period increased by over 30%,” said Liliana Damianov, HVB”s Private Banking division manager. The instruments preferred by clients are those that provide an optimal yield/risk ratio, with 18% of instruments chosen by investors advised by the bank being fixed-income instruments. Still, considering the attractiveness of placements on the capital market, more than 20% of the money this year was invested in listed shares on the Bucharest Stock Exchange. Clients of HVB Romania”s Private Banking division are mostly people in top management positions with multinationals or with their own service or production companies. ZF