Croatia's End-Sept Mandatory Pension Fund Assets Fall 1.36% M/M

The AZ pension fund ranked first with 8.938 billion kuna in net assets at the end of September, figures of the Croatian Financial Services Supervision Agency (HANFA) indicated.

Raiffeisen followed with some 6.815 billion kuna in net assets, and PBZ/CO came next with 3.810 billion kuna in assets. Erste Plavi held 2.922 billion kuna in net assets at the end of September.

AZ also led in terms of number of members with 522,531. Raiffeisen followed with 450,806 account holders. PBZ/CO had 260,212 members and Erste Plavi had 222,422.

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 742.377 million kuna in September down 1.44% from the previous month.

(1 euro= 7.1451 Croatian kuna)