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N. Macedonia's mandatory pension funds end-Dec assets up 2% m/m

N. Macedonia's mandatory pension funds end-Dec assets up 2% m/m Toshe Ognjanov/

SKOPJE (N. Macedonia), January 24 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds slightly rose to 105.7 billion denars ($1.9 billion/1.7 billion euro) at the end of December from 103.5 billion denars a month earlier, official data indicated.

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 54.6 billion denars in net assets at the end of December, followed by Sava Penziski Fond (SAVAz) with 48.1 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with nearly 3 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.

KBPz had 269,153 clients at the end of December, SAVAz account holders numbered 251,241 and TRIGLAVz clients totalled 30,083.

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 2 million.

(1 euro = 61.56 denars)

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