January 16 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 113.5 billion denars ($2 billion/1.8 billion euro) at the end of December, down 1.1% month-on-month, official data indicated.
KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 57.4 billion denars in net assets at the end of December, followed by Sava Penziski Fond (SAVAz) with 50.7 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 5.4 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS, on Friday.
KBPz had 273,164 clients at the end of December, SAVAz account holders numbered 255,254 and TRIGLAVz clients totalled 43,676.
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 2 million.
(1 euro = 61.58 denars)