Raiffeisen Banca pentru Locuinte, one of the two players on themarket of housing savings and loan contracts, ended last year witha volume of loans granted worth 49m RON (12m euros), down around26% from 2008. The value of attracted deposits reached 250m RON(59m euros), up 9% in RON, according to a report by Raiffeisen BankRomania. Raiffeisen Locuinte's portfolio hit 128,000 contracts,with a contracted value of 2.26bn RON (535m euros). Inmid-December, the bank's management projected a number of 135,000contracts, including the 20,000 ones taken over from HVB Locuinte.Last year, Raiffeisen swallowed up rival HVB Locuinte in a dealfinalised in December 1, 2009. Raiffeisen Locuinte stepped into theblack after the first half of 2009 when it reported a positiveresult of 4.5m RON (over one million euros), after five years inbusiness, and managed to stay profitable at yearend, too. "The 2009financial result was positive, marking the first profitable yearfor a savings and loan type bank of Romania", reads theparent-bank's report.
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