Erste Private Banking will end the year with a transaction volume of EUR 420-430 M in investment products, above the estimated EUR 401 M, driven by the intensification of transactions in Q4, the head of the Erste Private Banking Department, Razvan Furtuna announced in a press conference yesterday.The majority of investments made by Erste Private Banking, a service secured by BCR, is represented by bonds, which cover a third of the portfolio, because they are simplest to understand by customers, which have a fiscal advantage through the modification of the Fiscal Code, so they must not pay tax for investments in state bonds, with the best known issuer being the Ministry of Public Finance, Mediafax reports.Investments are made in deposits and foreign currency accounts (48.9 pc), investment funds (8.45 pc), shares (4.27 pc) and other types of investments.In Romania, individual investors place their money mostly in bonds (76.13 pc), while in the European Union the figure is 52.9 pc. Shares account for 3.56 pc in Romania, much under the figure at EU scale (22.06 pc). “In Romania, interest for investments is on the rise, but much under the European level. The capital market does not hold a relevant share, but Romania is narrowing the gap, as financial markets are competitive enough,” Furtuna said. Over 90 pc of the assets invested by BCR customers are in products from Romania.