Erste Asset Management’s turnover rose by 50% to 60% in 2011, general manager Dragos Neacsu said, without giving an exact figure.
In 2010, the company posted a net profit of EUR831,000 on turnover of EUR6.2 million.
Erste Asset Management’s overall administrated assets reached over EUR640 million in December 2011, ranking the company second in a top of the largest investment managers on the local market.