Croatian mandatory private pension funds' assets rise 4.2% m/m at end-Sept

The AZ pension fund ranked first with 19.7 billion kuna in net assets at the end of September, data from the Croatian Financial Services Supervision Agency, HANFA, indicated.

Raiffeisen Mandatory Pension Fund was the runner-up with 14.5 billion kuna in net assets, ahead of PBZ/CO with 8.0 billion kuna and Erste Plavi with 6.5 billion kuna.

AZ was also the top fund in terms of client numbers at the end of September with 590,075 accounts. Raiffeisen Mandatory Pension Fund followed with 505,746 account holders, ahead of PBZ/CO with 292,341 members and Erste Plavi with 252,709.

(1 euro = 7.5593 Croatian kuna)