The fund manager, a unit of Raiffeisen Bank Romania, said revenues increased 54% year-on-year to RON54.2 million.
Overall assets under its management exceeded EUR1 billion at the end of 2013. (EUR1=RON4.4503)
Capital Market
Raiffeisen Asset Management 2013 Pretax Profit Rises 70% On Year
Romania’s second-largest asset administrator Raiffeisen Asset Management Wednesday said its pretax profit rose 70% to 21.3 million lei (EUR4.8 million) in 2013, from RON12.5 million a year earlier.