March 9 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 118.1 billion denars ($2 billion/1.9 billion euro) at the end of February, up 1.2% month-on-month, official data indicated on Thursday.
KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 59.4 billion denars in net assets at the end of February, followed by Sava Penziski Fond (SAVAz) with 52.7 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 6 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.
KBPz had 273,331 clients at the end of February, SAVAz account holders numbered 255,442 and TRIGLAVz clients totalled 45,703.
KBPz is managed by KB Prvo Penzisko Drustvo, co-owned by Slovenia's Skupina Prva and North Macedonia's Komercijalna Banka, according to MAPAS data.
SAVAz, managed by Sava Penzisko Drustvo, is owned by Slovenian reinsurer Sava Re, whereas TRIGLAVz is managed by Triglav Penzisko Drustvo and owned by Slovenian insurer Triglav.
North Macedonia has a population of 1.8 million.
(1 euro = 61.66 denars)