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Sep 19, 2007 17:22 EEST
September 19 (SeeNews) - The assets managed by open-end investment funds in Croatia more than doubled to 28.144 billion kuna ($5.374 billion/3.846 billion euro) at the end of August from 12.343 billion kuna a year earlier, official figures showed on Wednesday.
In July the funds' assets totalled 28.425 billion kuna, statistics from the Croatian Financial Services Supervision Agency (HANFA) showed.
ZB Aktiv, managed by ZB Invest, a subsidiary of Croatia's biggest commercial bank, Zagrebacka Banka, ranked first with assets worth 2.970 billion kuna at the end of August. Second came ZB Global, also managed by ZB Invest, with 2.855 billion kuna in assets.
Third was PBZ Equity with 2.552 billion kuna in assets. It is managed by PBZ Invest, a subsidiary of Privredna Banka Zagreb (PBZ), Croatia's second largest bank, which is owned by Italy's Intesa.
Twenty-seven fund management companies operate 85 open-end investment funds in the Adriatic country of 4.4 million people.
(1 euro = 7.3182 Croatian kuna)
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