HVB Bank opens three branches in December 2003

  • HVB Bank starts its expansion strategy with the opening of branches in Novi Sad, Subotica and Zemun
  • The launch of innovative retail services shows first positive results
  • Donation for the Children's hospital in Novi Sad

On December 11th, 2003 HVB Bank Yugoslavia a.d (HVB Bank) has officially opened its branch in Novi Sad. The new branch is located in the very centre of Novi Sad, at 3 Trg slobode Street. On the 12th and 18th of December 2003 the branch expansion will continue with the opening of further branches in Belgrade/Zemun at 21 Glavna Street and Subotica, 3 Ivana Gorana Kovacica Street.  Over these new branches the bank will offer banking service to corporate as well as private clients. By opening these branches the distribution network of the bank will increase to four branches.

“After having successfully launched innovative retail products we regard the opening of three branches as a next logical step” Mr. Greussing, CEO of HVB Bank, stated during the ribbon cutting ceremony in Novi Sad. “We would like the Serbian people in the region also to benefit from our range of products. With our account package and the just recently launched Internet banking product “Online banking” we will enter the region with highly competitive products in combination with a well trained and a client oriented staff.” Mr. Greussing continues.  At the beginning of next year the product range for retail clients will be enlargened by the offering of a cash loan. The bank has also started to offer on a selective basis housing loans with a tenor of 15 years.

The launch of innovative retail services shows first positive results

Just recently the bank has launched two innovative services for private clients. Since October 2003 private account holders of HVB Bank can benefit from the innovative product, account package, which offers a range of services for one price. According to the specific need of a client the bank offers three different types of account packages, namely the account Plus, account 24h and the Premium account. Depending on the choice of the client the account package contains different services, like a Visa card, Telephone- or Internet banking, an overdraft as well as an insurance. „First results are very encouranging. Since the start of our retail campaign HVB Bank was able to attract a considerable number of new clients. For us, this positive development is a clear proof that the Serbian market is honoring innovative ideas, which are based on specific needs.“ Greussing stated. 

Donation to the Novi Sad Children's hospital
To mark the start of the branch expansion as well as the second anniversary of the successful start of operations in Serbia HVB Bank has decided to donate medical equipment to the Children’s hospital in Novi Sad. ”This is the way to demonstrate to the people in Serbia that HVB Group is aware of its social responsibility towards the Serbian society. We want to be a reliable and good corporate citizen, as we see ourselves as a part of the Serbian community. We strongly believe in this country and want to support Serbia in bringing forward necessary reforms. By donating medical equipment to this children hospital we want to invest into the future of the country.”  Greussing stated during the hand-over of the donation cheque to representative of the hospital.

HVB Bank Yugoslavia a.d. (Serbia and Montenegro) is a full banking subsidiary of Bank Austria Creditanstalt, a member of HVB Group. In the line with the split of responsibilities inside the Group, Bank Austria Creditanstalt is responsible for the expanditive CEE markets and Austria, and HypoVereinsbank for Western Europe, Germany and rest of the world. HVB Group has a business network of 2100 branches, where 61.500 employees meet the needs of more than 8.8 million customers in 40 countries world-wide.
The Group operates the largest banking network in the region of Central and Eastern Europe: It is present in 16 countries with more than 900 outlets, 19,000 employees and  3.8 million clients.

HVB Bank Yugoslavia has officially become operative on the Serbian banking market in December 2001, and in the line with its strategy of a universal banking institution, it serves both retail and corporate customers. 

Questions: HVB Bank Yugoslavia a.d., 
Natasa Nikolic, tel. (011) 3204 514; e-mail: natasa.nikolic@yu.hvb-cee.com