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N. Macedonia's mandatory pension funds' assets up 0.2% m/m in Apr

May 15, 2024, 2:24:25 PMArticle by Dragana Petrushevska
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May 15 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds totalled 144 billion denars ($2.5 billion/2.3 billion euro) at the end of April, up 0.2% compared with the end of March, official data indicated on Wednesday.

N. Macedonia's mandatory pension funds' assets up 0.2% m/m in Apr
Pensions Source:pixabay.com

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 70.9 billion denars in net assets at the end of April, followed by Sava Penziski Fond (SAVAz) with 63.1 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 10 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.

KBPz had 278,810 clients at the end of April, SAVAz account holders numbered 259,870 and TRIGLAVz clients totalled 60,138.

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 = 61.55 denars)

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