At the end of February, SIF Oltenia ranked second, with a net profit of RON19.1 million. Compared with the first quarter of 2012, the fund’s net profit rose 80% in the January-March period.
SIF Oltenia’s net assets reached RON1.55 billion at the end of March, 8.17% higher on the year.
With a net profit of RON21.46 million, SIF Muntenia (SIF4.RO) ranked second by profit after the first three months of 2013. The fund reported a net asset of RON1.18 at the end of March, 11% higher on the year.
SIF Moldova (SIF3.RO) placed third with a net profit of RON20.05 million, followed by SIF Banat-Crisana (SIF1.RO) with RON13.82 million. SIF Moldova posted a net asset of RON1.24 billion in March, while the net asset of SIF Banat-Crisana reached RON1.41 billion.
The fifth and last regional fund, SIF Transilvania (SIF2.RO) reported a net profit of RON5.22 million in the first quarter, well below RON67.8 million in the year-earlier period. The fund’s net asset rose 10% on the year to RON1.26 billion.
The five SIFs registered aggregate assets of RON6.65 billion in March, up 2% from RON6.52 billion in February. (EUR1=RON4.3806)