The five financial investment companies (SIFs) and the Proprietatea Fund also reported profit increases at the end of the first semester, according to their bi-annual financial statements.
At the end of H1 2012, the Proprietatea Fund recorded a net profit of 573.85 million lei.
In the first semester, SIF "Moldova" made the biggest profit of the five SIFs (128.81 million lei), followed by SIF "Transilvania", which had a net profit of 112.73 million lei.
The SIF with the smallest profit at the end of H1, was SIF "Muntenia" (51.92 million lei).
The biggest increase of the profit in the first semester of this year, compared to the similar period of last year, was reported by SIF "Banat-Crişana", which increased its profit 6.78 times, to 96.49 million lei.
* Daniela Ropotă, "Intercapital Invest": SIF "Moldova", SIF "Transilvania" and SIF "Banat-Crişana" have already exceeded their profit targets
After the first six months of the year, all of the SIFs had higher earnings compared to last year's similar period. In the case of SIF "Banat-Crişana" and SIF "Muntenia" the results were significantly influenced by the sale of the stakes in BCR, considers Daniela Ropotă, analyst with "Intercapital Invest".
She said: "Three of the SIFs have already exceeded their profit target: SIF < Moldova >, SIF < Transilvania > and SIF < Banat-Crişana >. The revenues have also been helped by the higher than expected dividends earned, by provisions and interest revenues. According to the available data, all of the SIFs have conducted investments on the domestic stock market, and SIF < Banat-Crişana > and SIF < Moldova > made new acquisitions on the foreign market as well".
According to Daniela Ropotă, SIF "Moldova" has the biggest net profit, having already exceeded its target for the year 2012 by 68%.
The financial results of SIF "Mo
