Raiffeisen Banca pentru Locuinte (RBL), is the oldest building society (bausparkasse) in Romania, having been founded in 2004. RBL offers financial products aimed at improving living conditions. The building society (bauspar) product is comprised of two phases - the saving phase and the loans phase. The main benefits that customer of the bauspar system enjoy are: - loans at low rates, fixed for the entire life of the loan - state premium support for the amounts being saved each year