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Nov 22, 2007 17:18 EEST
November 22 (SeeNews) - The four mandatory pension funds operating in Croatia held a total of 20.466 billion kuna ($4.1 billion/2.8 billion euro) in net assets at the end of October, up 2.94% from a month earlier, the country's financial watchdog said on Thursday.
The AZ pension fund ranked first with 8.088 billion kuna in net assets at the end of October, the Croatian Financial Services Supervision Agency (HANFA) said in a statement.
Raiffeisen ranked second with 6.361 billion kuna in net assets, followed by PBZ/CO with 3.422 billion kuna and Erste Plavi with 2.595 billion kuna.
AZ also led in terms of number of account holders, 507,835. Raiffeisen followed with 441,681, PBZ/CO with 227,229 and Erste Plavi had 204,016 members.
Another 17 voluntary pension funds operate in the Adriatic country of 4.4 million people, including six open-end and 11 closed-end.
The combined net assets of the six open-end voluntary funds reached 593.8 million kuna in October, up 5.32% from the previous month.
(1 euro=7.3288 Croatian kuna)
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