Overall costs rose 21% to RON51.1 million, the fund said in its financial report.

SIF Moldova posted a net profit of RON80.2 million in 2013, down 20% year-on-year. The figure is unchanged from a monthly report published in January.

End-December, the fund posted net assets of RON1.59 billion, up 20.5% from RON1.32 billion in 2012.

At around 11:00 am, SIF Banat-Crisana traded up 2.43% at RON1.389 a share in Bucharest, amid a rising market. (EUR1=RON4.4815)