The name change and changes in the company’s articles of incorporation become effective after the approval of the Financial Supervisory Authority.
“With new European legislation we felt the need for a rebranding process positioning ourselves among financial investors in Romania and the region. Over the past years we have diversified our business model to best serve our shareholders’ interests, offering above-market yields, predictable policies with cash dividends and frequent buyback programs,” said investment fund CEO Claudiu Doros.
SIF Moldova is one of the major holders in Banca Transilvania, the biggest Romanian lender. The company managed assets of EUR500 million before the pandemic.