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Croatia's mandatory pension funds net assets up 15% in 2019

Croatia's mandatory pension funds net assets up 15% in 2019 License: Creative Commons CC0

ZAGREB (Croatia), January 21 (SeeNews) - The total assets of Croatia's four mandatory pension funds amounted to 112.6 billion kuna ($16.8 billion/15.1 billion euro) at the end of 2019, up 15% compared to a year earlier, data of the Financial Services Supervisory Agency (HANFA) showed.

The members of mandatory pension funds grew by 3.8% on the year to 2 million at the end of December, HANFA said in its December report issued on Friday.

The AZ pension insurance fund is the leader in terms of number of members, some 662,000, followed by Raiffeisen OMF with some 577,000, then PBZ/CO with some 371,000, as Erste Plavi has 336,000 members listed.

The insurance funds' total net pension contributions amounted to 6.7 billion kuna at the end of 2019, up by an annual 8.3%. 

(1 euro = 7.4368 kuna)

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