25 August 2009
Eureko: net profit falls 7% in H1
Eureko Group, active in local insurance and private pension market reported a net profit of 115 million euros for the six months through June, 7 percent below year-ago level of 124 million euros.
In the first half 2009, the insurer’s total assets jumped 14 percent up to 8.5 billion euros, from prior-year period. The capital adequacy ratio increased by 76 percent from the minimum statutory requirements, up to 176 percent, the insurer said in its official statement.
“Eureko’s half-year performance is a proof of our financial stability”, said Frans van der Ent, country manager of Eureko in Romania.
Eureko group is one of Europe’s leading financial groups, registered in Utrecht-Netherlands and active in 13 European countries and has a headcount of over 20,000. In Romania, the Dutch-based Eureko is present through its Eureko Insurance and Eureko – Private Pension Management divisions.
In July, the group said it would raise the share capital of its Romanian subsidiaries by 25 million euros as follows: 12.6 million euros for insurance segment and 12.4 million euros for private pension
“Eureko’s half-year performance is a proof of our financial stability”, said Frans van der Ent, country manager of Eureko in Romania.
Eureko group is one of Europe’s leading financial groups, registered in Utrecht-Netherlands and active in 13 European countries and has a headcount of over 20,000. In Romania, the Dutch-based Eureko is present through its Eureko Insurance and Eureko – Private Pension Management divisions.
In July, the group said it would raise the share capital of its Romanian subsidiaries by 25 million euros as follows: 12.6 million euros for insurance segment and 12.4 million euros for private pension