Croatia's End-Oct Mandatory Pension Fund Assets Fall 2.62% M/M

The AZ pension fund ranked first with 8.715 billion kuna in net assets at the end of October, data of the Croatian Financial Services Supervision Agency (HANFA) indicated.

Raiffeisen followed with some 6.691 billion kuna in net assets, and PBZ/CO came next with 3.665 billion kuna in assets. Erste Plavi had 2.825 billion kuna in net assets at the end of October.

AZ also led in terms of number of members with 525,759. Raiffeisen followed with 452,090 account holders. PBZ/CO had 260,711 members and Erste Plavi had 224,168.

A total of 20 voluntary pension funds operate in the Adriatic country of 4.4 million people, including six open-end and 14 closed-end funds. The combined net assets of the six open-end voluntary funds reached 735,008 million kuna in October, down 0.99% from the previous month.

(1 euro= 7.1115 Croatian kuna)