Romania's private pension funds end-Sept assets up 50.27% y/y

At the end of September the funds' assets were 3.11% higher compared to the end of August, the Private Pension System Supervisory Commission, CSSPP, said in a monthly bulletin.

The net assets of Romania's nine mandatory private pension funds jumped by 51% on the year to 8.76 billion lei at the end of September. The number of contributors to the funds rose 5.65% year-on-year to 5.71 million at the end of September.

Romania's eleven voluntary pension funds had 554.89 million lei in net assets at the end of September, up 38.43% from a year earlier. The number of contributors grew by 13.41% year-on-year to 283,118 at the end of September, CSSPP said.

Romania has a population of over 19 million.

(1 euro = 4.5746 Romanian lei)