10.10.2005 - 12.10.2005

Annual Meeting 2005 of the EFBS in Budapest

The EFBS Annual Meeting took place from 10 - 12 October at the Hotel LE MERIDIEN in Budapest.

Mr. Zehnder, Managing Director, has been re-elected unanimously in the General Assembly for another three years term in office. He is managing the Federation since 1993.

In the meeting of the Legal Affairs Committee subjects such as the Green Paper on Mortgage Credit in the EU, the cost benefit analysis of London Economics as well as the implementation of the Code of Conduct for Home Loans have been discussed. In addition Ms. Elena Dvoryashina (The Guild of National Cooperative Societies of Russia, Moscow) spoke about the legal framework for non bank mortgage and Housing-saving Cooperative organizations in the Russian Federation.

In the meeting of the Housing Policy and Marketing Committee the representative of our Hungarian hosts, Dr. Károly Gergely (Chairmen of the Hungarian Building Societies Association) in-formed the participants on the Hungarian market for bausparen. As special guest Dr. Elemér Terták (Director, DG Internal Market, Financial Services Directorate) spoke about the current develop-ments on European level in the area of financial services. Other topics of this meeting were: Real Estate Brokerage and Bauspar financing (Mr. Schäfer, LBS Westdeutsche Landesbausparkasse AG/Germany and Dr. Buck, BHW Immobilien GmbH/ Germany) as well as the SIMSign project (Mr. Reiche, Quelle Bausparkasse AG/ Germany, Dr. Ulamec, Wüstenrot AG/ Austria and Mr. Bauer, sBausparkasse AG/ Austria).

Dr. Wieser, EFBS President, expressed his thanks to the Hungarian hosts, the Hungarian Building Societies Association, in particular to Ms. Éva Hegedüs and Dr. Károly Gergely, as well as Mr. Czaba Szobonya, for the excellent organisation of this successful event. The Annual Meeting also got a good coverage in the Hungarian media, so that support could be given to the product “Bausparen” in the Hungarian market.

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