ASF income down with 5.2 pct to RON 157.3 mln in 2015

Newsroom 28/06/2016 | 12:37

The Authority of Financial Surveillance (ASF) registered an income worth RON 157.3 million in 2015, down 5.2 percent compared to 2014, as a result of the decrease in more types of contributions of supervised entities (commissions, tariffs and taxes on capital market, RCA quota, private pensions funds contribution) and closed the year with RON 36.5 million, according to the annual report of 2015 of the institution.

According to the document, the insurance-reinsurance sector generated in 2015 a volume of income that overpassed RON 63 million, an increase with 22 percent compared with the annual forecasts (RON 51.66 million). The increase was generated by the charge of some back payed debits from the Insurance-Reinsurance Company Astra SA (RON 4.05 million representing the functioning tax and RCA quota for the April-November period 2014).

The main source of the income in the analyzed period is represented by the payed contributions to the insurance firms and insurance brokers, respectively the functioning tax 0.3 percent and quota of one percent from the revenues registered by the insurance-reinsurance sector. Compared with 2014, the revenues from insurance-reinsurance sector grew with 26.7 percent, and compared with 2013 with 25.1 percent.

The personnel costs were RON 97.32 million, out of which costs with salaries in cash and cash equivalents valued at RON 78.96 million, adding RON 1.86 million representing amounts affiliated to the compensatory packages.

Georgiana Bendre