20 May 2019

Private Voluntary Pension Market Developments, 31.03.2019

There were three voluntary private pensions’ funds operating in the market during the period 31.03.2019. Data analysis of the voluntary private pension market as of 31.03.2019 shows total net assets of ALL 2,423.91 million (Euro 19.34 million[1]), experiencing an increase with about ALL 134.81 million (5.89%) compared with 31.12.2018.
The number of members in the three pension funds operating at the end of 31.03.2019 was 26,143 members, showing an increase of 3.34% compared with 31.12.2018.

Pensions Funds' (PF) Indicators                                                                                         

Specification Value (mln. ALL) Change (In %)
  31.12.’18 31.03.’19 31.12.’18-31.03’19
PFs' net assets 2,289.10 2,423.91 5.89



Net Assets and the number of members by PF                                                    31.03.2019      
Pensions Funds Number of Members Net Assets (mln. ALL)
SIGAL 7,281 1,127.56
RAIFFEISEN 2,956 659.09
CREDINS PENSION 15,906 637.27
TOTAL 26,143 2,423.91

           


Market share by value of net assets of pension funds,                                    31.03.2019  (In %)         
                           
           










To read the full material of Private Voluntary Pension Market Developments, 31.03.2019 (in Excel version) please click here.
 
[1] http://www.bankofalbania.org/ The Bank of Albania,  official exchange rate ("fix") on 31.03.2019 was 1euro=125.34 ALL