TFI's profit up to PLN 683.5 mln in 2017

The Financial Supervision Authority (KNF) reported that the net profits of Investment Funds (TFI) totaled PLN 683.58 million in 2017, up by 37.1 percent y/y. The value of assets under management amounted to PLN 380.6 billion at the end-2017, whereas last year it stood at over PLN 354 billion. Revenues amounted to PLN 3.88 billion, up from PLN 3.24 billion in 2016. Costs increased from PLN 2.6 billion to PLN 3.03 billion.