OREANDA-NEWS. December 27, 2012. Veles Capital group is ranked amongst TOP-30 of Russian companies by total revenues from trust management services in January – September 2012, Russian business newspaper Kommersant reports. The analysts of Kommersant publishing house analyzed financial data of 70 Russian companies rendering trust management services.

Veles Capital’s revenues from trust management services increased + 28,6% up to USD 2,8 mln. However total revenues of all companies rated by Kommersant decreased -3%. “More than 50% of rated companies reported decrease in revenue, in several cases this decrease was dramatic – 20 – 50%”, - said the analysts in supporting article.

Veles Capital’s net income from trust management services increased up to USD 1 mln, +45% as compared to the results of the same period of 2011.

“The rating data is very interesting as the company reward depends on result of the portfolio management. Veles Capital follows very conservative strategy with strict risk-management system, which helps the company to show positive financial data. Clients choosing the conservative strategies are less panic even in the periods of high market volatility, which is the positive factor for the company’s financial results” – said Beyshen Isaev, deputy director of Veles Capital IC.

For rating results please follow.

Veles Capital group includes companies operating on Russian, Ukrainian and European financial markets rendering financial services for corporate and individual investors and undertaking projects in private equity, corporate finance and real estate investments.