Raiffeisen Asset Management profit up 50% in Romania in H1

Raiffeisen Asset Management (RAM) ended the first half of 2014 with a gross profit of RON 14.8 million (some EUR 3.3 million), up 50% from RON 9.7 million registered in the same period the previous year. In this period, the company’s revenues from management of investments amounted to RON 33.7 million (EUR 7.5 million), over the results posted the year before. “The managed assets now reached the equivalent of EUR 1.2 billion, from EUR 900 million in the first half of last year,” reads a statement of the company, cited by local Capital. Raiffeisen Asset Management is a unit of Romania's Raiffeisen Bank. Irina Popescu, irina.popescu@romania-insider.com