Romania Erste Asset Management Profit More Than Halves In 2011
Romanian open-end fund administrator Erste Asset Management, a unit of Austria’s Erste Group Bank (EBS.RO), Wednesday said its net profit more than halved to around EUR300,000 – EUR400,000 in 2011, despite higher turnover.
Erste Asset Management’s turnover rose by 50% to 60% in 2011, general manager Dragos Neacsu said, without giving an exact figure.
In 2010, the company posted a net profit of EUR831,000 on turnover of EUR6.2 million.
Erste Asset Management’s overall administrated assets reached over EUR640 million in December 2011, ranking the company second in a top of the largest investment managers on the local market.
Citește și
2 min
Ioana Mihai-Andrei
3 min
Dragos Damian
2 min
Iulian Tenchiu