N. Macedonia's mandatory pension funds' assets rise in July

August 10 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 110.7 billion denars ($1.84 billion/1.80 billion euro) at the end of July, 3.4% higher compared with the month before, official data indicated on Tuesday.

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 56.5 billion denars in net assets at the end of July, followed by Sava Penziski Fond (SAVAz) with 50 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 4.2 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.

KBPz had 271,680 clients at the end of July, SAVAz account holders numbered 253,913 and TRIGLAVz clients totalled 37,551.

KBPz is managed by KB Prvo Penzisko Drustvo, co-owned by Slovenia's Skupina Prva and North Macedonia's Komercijalna Banka, data on the MAPAS website shows.