August 17 (SeeNews) - The four mandatory pension funds operating in Croatia held a combined 25.93 billion kuna ($5.0 billion/3.5 billion euro) in net assets at the end of July, up 2.42% from a month earlier, data from the country's financial regulator showed on Monday.
The AZ pension fund ranked first with 10.363 billion kuna in net assets at the end of July, data of the Croatian Financial Services Supervision Agency, HANFA, indicated.
Raiffeisen pension fund followed with 7.899 billion kuna in net assets, PBZ/CO came third with 4.294 billion kuna and Erste Plavi ranked fourth with 3.376 billion kuna.
AZ also topped the list in terms of number of members at end-July, with 539,851, and Raiffeisen followed with 463,352 account holders. PBZ/CO had 266,401 members and Erste Plavi had 230,448.
A total of 25 voluntary pension funds operate in the Adriatic country of 4.4 million people, including six open-end and 15 closed-end funds.
(1 euro= 7.3256 Croatian kuna)