September 14 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 110.8 billion denars ($1.799 billion/1.799 billion euro) at the end of August, 0.06% higher compared with the month before, official data indicated on Wednesday.
KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 56.4 billion denars in net assets at the end of August, followed by Sava Penziski Fond (SAVAz) with 49.9 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 4.4 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.
KBPz had 271,955 clients at the end of August, SAVAz account holders numbered 254,110 and TRIGLAVz clients totalled 38,447.
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 = 61.54 denars)