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N. Macedonia's mandatory pension funds' assets up 1.7% m/m in June

Jul 10, 2024, 11:21:03 AMArticle by Dragana Petrushevska
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July 10 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds reached 149.5 billion denars ($2.6 billion/2.4 billion euro) at the end of June, up 1.7% compared with the end of May, official data indicated.

N. Macedonia's mandatory pension funds' assets up 1.7% m/m in June
Pensions Source:pixabay.com

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 73.5 billion denars in net assets at the end of June, followed by Sava Penziski Fond (SAVAz) with 65.2 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 10.8 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS, on Tuesday.

KBPz had 279,047 clients at the end of June, SAVAz account holders numbered 260,330 and TRIGLAVz clients totalled 62,184.

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 = 61.59 denars)

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