October 9 (SeeNews) - The net assets managed by Macedonia's two mandatory pension funds totalled 7.63 billion denars ($182.5 million/123.9 million euro) at the end of September, up 7.5% from a month earlier, official data showed on Friday.
KB Prv Otvoren Penziski Fond (KB Prv) ranked first with 4.06 billion denars in net assets at the end of September, followed by NLB Penziski Fond (NLB), formerly known as NPF, with some 3.57 billion denars in net assets, according to figures released by the country's pension insurance supervision agency, MAPAS.
Domestic bonds accounted for some 61% of the NLB's assets at end-September, deposits - for 30.92%, domestic shares - 6.14%, foreign securities - 1.16%, foreign investments funds - 0.06%, receivables - 0.46%, and cash - 0.33%.
In the case of KB Prv, domestic bonds made 62.32% of total assets, deposits - 31.6%, domestic shares - 5.23%, foreign investments funds - 0.33%, and receivables - 0.52%.
KB Prv had 119,924 clients at end-September compared to NLB's 106,641.
KB Prv is managed by KB Prvo Drustvo za Upravuvanje so Penziski Fondovi (www.kbprvo.com.mk), co-owned by Slovenia's Skupina Prva DD with a 51% stake and Komercijalna Banka AD Skopje with 49%.
NLB is managed by Nov Penziski Fund. Slovenia’s Nova Ljubjanska Banka (NLB) owns 51% of Nov Penziski Fund and its Macedonian unit, NLB Tutunska Banka AD Skopje, holds a 49% stake.
Macedonia has a population of two million.
(1 euro=61.5775 Macedonian denars)
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