Croatia's End-Aug Mandatory Pension Fund Assets Rise 0.85% M/M

The AZ pension fund ranked first with 9.035 billion kuna in net assets at the end of August, data of the Croatian Financial Services Supervision Agency (HANFA) indicated.

Raiffeisen followed with some 6.902 billion kuna in net assets, and PBZ/CO came next with 3.882 billion kuna in assets. Erste Plavi had 2.976 billion kuna in net assets at the end of August.

AZ also led in terms of number of members with 520,631. Raiffeisen followed with 449,166 account holders. PBZ/CO had 259,065 members and Erste Plavi had 220,755.

A total of 19 voluntary pension funds operate in the Adriatic country of 4.4 million people, including six open-end and 13 closed-end funds. The combined net assets of the six open-end voluntary funds reached 753,186 million kuna in August up 0.93% from the previous month.

(1 euro= 7.1081 Croatian kuna)