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Net assets of N. Macedonia's mandatory pension funds edge up in Sept

Net assets of N. Macedonia's mandatory pension funds edge up in Sept Toshe Ognjanov/

SKOPJE (N. Macedonia), October 8 (SeeNews) - The net assets managed by North Macedonia's three mandatory pension funds slightly rose to 99.9 billion denars ($1.9 billion/1.6 billion euro) at the end of September from 99.8 billion denars a month earlier, official data indicated.

KB Prv Otvoren Zadolzitelen Penziski Fond (KBPz) ranked first with 51.8 billion denars in net assets at the end of September, followed by Sava Penziski Fond (SAVAz) with 45.8 billion denars and Triglav Otvoren Zadolzitelen Penziski Fond (TRIGLAVz) with 2.3 billion denars, according to figures released by North Macedonia's pension insurance supervision agency, MAPAS.

KBPz had 268,826 clients at the end of September, SAVAz account holders numbered 250,734 and TRIGLAVz clients totalled 26,553.

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 = 61.58 denars)