OREANDA-NEWS. Veles Capital group of companies was rated amongst TOP-20 of largest Russian asset management companies by net revenue from asset management services.

The rating was prepared by the Kommersant Publishing house and based on H12013 financial results of 60 companies with net revenue from asset management services exceeding 700K EUR

Veles Capital's net revenue from asset management services* increased +47,9% as compared to 2012 H1results and formed 2 mln EUR. Sales revenue increased +85,3% and formed 1 mln EUR. Net profit doubled and formed 890 K EUR.

"Developing of conservative instruments with predictable income is one of the main company's priorities. We expect that the operations with such instruments will continue contributing to Veles Capital's positive financial results" , - said Beyshen Isaev, CEOof Veles Management Asset Management Company.

Veles Capital IC has been operating on the Russian financial market since 1995, rendering services on Russian equity and real estate markets for large corporate and private investors. Veles Capital brand unites investment companies in Russia, Ukraine and Cyprus; trust management companies Veles Management and Veles Trust, Veles Capital IG rendering services in M&A consulting and private equity; Veles Development managing real estate investment projects. Veles Capital IC is one of the only few Russian investment companies with international credit rating Standard&Poor's (B/B/ruA-, stable forecast, confirmed in December 2012). The company also has National Rating Agency reliability rating (AA+, very high reliability, first level, confirmed in February 2013).

*Here and after are presented consolidated data by Veles Management Asset Management Company and by Veles Trust