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Shqip
22 February 2019
Private Voluntary Pension Market Developments, 31.12.2018
There were three voluntary private pensions’ funds operating in the market during the year 2018. Data analysis of the voluntary private pension market as of 31.12.2018 shows total net assets of ALL 2,289.10 million (Euro 18.54 million[1]), experiencing an increase with about ALL 561.56 million (32.51%) compared with 31.12.2017.
The number of members in the three pension funds operating at the end of 31.12.2018 was 25,298 members, showing an increase of 20.77% compared with 31.12.2017.
Pensions Funds' (PF) Indicators
| Specification | Value (mln. ALL) | Change (In %) | |
| 31.12.’17 | 31.12.’18 | 31.12.’17-31.12’18 | |
| PFs' net assets | 1,727.54 | 2,289.10 | 32.51 |
Net Assets and the number of members by PF 31.12.2018
| Pensions Funds | Number of Members | Net Assets (mln. ALL) |
| SIGAL | 7,067 | 1,085.65 |
| RAIFFEISEN | 2,911 | 622.86 |
| CREDINS PENSION | 15,320 | 580.59 |
| TOTAL | 25,298 | 2,289.10 |
Market share by number of members in pension funds, 31.12.2018
(In %)
Market share by value of net assets of pension funds, 31.12.2018
(In %)
To read the full material of Private Voluntary Pension Market Developments, 31.12.2018 (in Excel version) please click here.
[1] http://www.bankofalbania.org/ The Bank of Albania, official exchange rate ("fix") on 31.12.2018 was 1euro=123.45 ALL
