Limun.hr - Romanian Bank BCR's Largest Two Funds To Merge

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Romanian Bank BCR's Largest Two Funds To Merge

14.6.2012 9:05:00 | Author/Source www.seenews.com

Erste Asset Management, which manages the assets of Romanian banking group BCR, has decided to merge the bank's largest investment funds, BCR Monetar and BCR Obligatiuni, local media reported on Thursday.

The new fund will have total assets worth 3.1 billion lei ($873.6 million/694.6 million euro), local daily Ziarul Financiar (www.zf.ro) reported.

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