End August, the five SIFs posted combined assets of RON6.74 billion.
SIF Banat-Crisana (SIF1.RO) reported the smallest decline in assets in September. The fund’s assets fell 3.6% to RON1.29 billion, from RON1.33 billion the month before. The fund posted net profit of RON20.6 million in the first nine months.
SIF Transilvania (SIF3.RO) posted net assets of RON1.34 billion in September, down 4.9% on the month. The fund’s profit for the first nine months reached RON119.1 million.
SIF Moldova (SIF2.RO) reported a similar fall of 4.9% in its assets to RON1.08 billion, from RON1.13 billion in August. Net profit stood at RON71.6 million.
SIF Oltenia (SIF5.RO) had assets worth RON1.52 billion at the end of September, down 3.9% on the month. The fund’s profit was RON66.8 million.
The last of the five regional funds, SIF Muntenia (SIF4.RO), said total assets fell 3.9% on the month to RON1.26 billion, from RON1.3 billion in August. SIF Muntenia’s profit stood at RON13.2 million. (EUR1=RON4.3233)