Overall costs rose 39% to RON39.3 million (EUR9.4 million), due to higher provisioning, the fund said in its financial report.

SIF Moldova said net profit stood at RON33.5 million (EUR8 million). The figures are unchanged from a monthly report published mid-June.

End-June, the fund posted net assets of RON1.2 billion (EUR282 million), up 5.3% from RON1.14 billion in December last year.

On the Bucharest bourse Monday morning, SIF Moldova traded up 2.1% at RON1.215 a share, amid a rising market. (EUR1=RON4.2403)