Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Assets of Romania's financial companies fall 6.9% in February to lei 5.1bn

The net assets of Romania's financial investment companies known as SIFs lost on average 6.9 percent in February to 5.117 billion lei (1.2 billion euros) while the total capitalization reached a new record low of the past ten months, data of the Association of Fund Administrators (AAF) show.

The financial sector's market value lowered to 1.11 billion lei last month after the downward trend of the stock market slashed between 10 percent and 30 percent of the prices of the five companies.

SIF Muntenia stuck best to its position, reporting a slip of only 0.62 percent in February to 1.32 billion lei, while SIF Transilvania (SIF3) plunged 8.66 percent to 1.161 billion lei.

SIF Oltenia saw a drop of 8.29 percent in its net assets to 958.98 million lei, while SIF Moldova and SIF Banat-Crisana sank 9.09 percent to 840.44 million lei and 9.94 percent to 830.4 million lei respectively.

Shares listed on the Bucharest Stock Exchange (BSE) accounted for 46.3 percent of the financial companies' assets at the end of February and were evaluated at 2.8 billion lei compared to 3.3 billion lei in January.

Non-listed shares of the investment companies represented more than 39 percent.

SIF Muntenia continued to have the largest exposure on placements in investment funds, of 10.1 million lei, accounting for 0.7 percent of its total assets, while the average exposure of the SIFs on such instruments was 0.24 percent.

 

Sursa: http://www.newsin.ro

Tags: percent assets sif billion february financial companies