BlackRock Inc. (BLK) manages about 200 billion euros ($245 billion) of assets through its BlackRock Asset Management Ireland unit, the Sunday Business Post reported.

The Irish unit increased its assets under management by 16.5 billion euros to 197 million euros last year, the Dublin- based newspaper reported, citing company accounts.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net