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Sep 13, 2023 15:44 EEST
September 13 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 127.6 billion denars ($2.2 billion/2.1 billion euro) at the end of August, up 0.2% month-on-month, official data indicated on Wednesday.
KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 63.5 billion denars in net assets at the end of August, followed by Sava Penziski Fond (SAVAz) with 56.4 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 7.7 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.
KBPz had 275,507 clients at the end of August, SAVAz account holders numbered 257,298 and TRIGLAVz clients totalled 52,221.
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 = 61.64 denars)
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