“I expect trading value will reach 420-430 million euros by the end of the year, largely supported by a very interesting fourth quarter, especially in the bonds segment,” Erste Private Banking’s chief Razvan Furtuna said Monday.
Around 30% of Erste’s private banking services target treasury bills and bonds. Other investment products include deposits, insurance products and investment funds.
“Romanians’ interest in investment products is growing, but it’s still well below European levels,” Furtuna said.
Erste Private Banking serves 2,400 clients and has total assets of some EUR1 billion, up from RON930 million at the end of last year.