Croatian Mandatory Pension Funds' Assets Rise 1.7% M/M in Oct

Pension fund AZ ranked first with 11.1 billion kuna in net assets at the end of October, data from the Croatian Financial Services Supervision Agency, HANFA, indicated.

Raiffeisen mandatory pension fund followed with 8.5 billion kuna in net assets, ahead of PBZ/CO with 4.7 billion kuna and Erste Plavi with 3.7 billion kuna.

AZ also was the top fund in terms of client numbers at the end of October with 544,519 accounts. Raiffeisen mandatory pension fund followed with 467,431 account holders, ahead of PBZ/CO with 268,745 members and Erste Plavi with 232,482.

(1 euro = 7.2996 Croatian kuna)