Overall costs declined 8.9% to RON77.5 million, the fund said in its financial report.
SIF Transilvania posted a record net profit of RON212.4 million in 2012, up 2.2% on the year, mainly fueled by revenue from sales of shares in lenders Erste and BRD. The figure is unchanged from a monthly report published in January.
The fund’s assets dropped 14.3% to RON1.14 billion at the end of December.
SIF Transilvania’s shares closed down 0.75% at RON0.724 in Bucharest, amid a rising market. (EUR1=RON4.3885)