Private pensions reach EUR 824 mln in net assets, average yield of 18.9%
The mandatory private pensions segment had 5.03 million users at the end of April, up 114,000 users compared to the end of last year.
The Romanian Pensions' Fund Association expects a total number of 5.3 million participants in the private pensions system by the end of the year in Romania, with net assets of around EUR 1.17 billion, according to Crinu Andanut, head of the association.
ING had the biggest number of participants, 1.6 million and net assets of RON 1.2 billion (around EUR 300 million), followed by Allianz Tiriac, with 1.2 million users and RON 738 million in net assets (around EUR 180 million). Generali had 479,000 users at the end of April and Alico, 313,000, followed by Aviva, with 369,000 and BCR, with 313,000 users but smaller assets than Alico.