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HVB Bank plans expansion

HVB Bank Rt is planning to boost the number of its branches to 80-85 this year from thee current 52, Managing Director Dávid Baranyai announced, however, he said it was too early to divulge further details of the bank's ambitious plans, business daily Világgazdaság reported.

 Household savings kept at HVB totaled Ft 350 billion at the end of 2005. At the same time, CA IB Securities Rt, the local fund management arm of the HVB-Unicredito regional banking giant, is preparing for the launch of its latest guaranteed fund, CEO Sándor Vízkeleti said. With subscriptions starting on February 27, HVB Triatlon 3 contains South Korean, Japanese and Chinese stocks as well as regional investment vehicles in order to capitalize on the higher growth potential of the Far Eastern region.