SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

N. Macedonia's mandatory pension funds' assets slightly down in Sept

Oct 17, 2022, 10:42:16 AMArticle by Monika Stojanovska
share
October 17 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 109.7 billion denars ($1.735 million/1.779 million euro) at the end of September, 0.97% lower compared with the month before, official data indicated.

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 55.8 billion denars in net assets at the end of September, followed by Sava Penziski Fond (SAVAz) with 49.4 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 4.6 billion denars, according to figures released on Friday by North Macedonia's pension insurance supervision agency, MAPAS.

KBPz had 272,237 clients at the end of September, SAVAz account holders numbered 254,342 and TRIGLAVz clients totalled 39,567.

N. Macedonia's mandatory pension funds' assets slightly down in Sept
tanatat/Shutterstock.com

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.

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 = 61.67 denars)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.