20 Mai 2009
Romanian financial companies assets grow 10% in April
The assets of the five financial companies in Romania known as SIF grew by an average 10.1 percent in April over March, to 5.38 billion lei, but are below the level of at the end of last year, according to data from the Funds Managers Association (AAF).
SIF Banat-Crisana (SIF1) registered the highest monthly growth of 23.26 percent to 999.04 million lei while SIF Transilvania (SIF3) had the biggest assets in April of 1.3 billion lei, after a 14.20 percent hike.
SIF Muntenia (SIF4) counted assets of 1.17 billion lei at the end of April, 0.35 percent over the March level and SIF Oltenia (SIF5) saw a 15.32 percent hike in assets to 1.09 billion lei.
Yet, SIF Moldova (SIF2) witnessed a 0.42 percent monthly reduction in assets to 819.82 million lei.
SIF market value in April stood at 2.5 billion lei. The closing prices on the capital market at April end registered significant hikes, of up to 112 percent at SIF Banat-Crisana.
Liquidity on the capital market last year was affected by the international financial crisis after foreign players made an exit, which triggered a fall in trading prices to lows unseen until now.
SIF Muntenia (SIF4) counted assets of 1.17 billion lei at the end of April, 0.35 percent over the March level and SIF Oltenia (SIF5) saw a 15.32 percent hike in assets to 1.09 billion lei.
Yet, SIF Moldova (SIF2) witnessed a 0.42 percent monthly reduction in assets to 819.82 million lei.
SIF market value in April stood at 2.5 billion lei. The closing prices on the capital market at April end registered significant hikes, of up to 112 percent at SIF Banat-Crisana.
Liquidity on the capital market last year was affected by the international financial crisis after foreign players made an exit, which triggered a fall in trading prices to lows unseen until now.