English
Shqip
6 July 2020
Private Voluntary Pension Market Developments, January-March 2020
Four pension funds operated in the voluntary private pension market in the first quarter of 2020. The data analysis of the voluntary private pension market as of 31.03.2020 shows total net assets of ALL 3,087.15 million (Euro 23.63 million[1]), with an increase of about ALL 183.08 million (6.3%) compared to 31.12.2019. The number of pension funds members as of 31.03.2020 amounted to 30,302 members, registering an increase of 7.18% compared to 31.12.2019.
Pensions Funds' (PF) Indicators
| Specification | Value (million ALL) | Change (In %) | |
| 31.12.’19 | 31.03.’20 | 31.12.’19-31.03’20 | |
| PFs' net assets | 2,904.07 | 3,087.15 | 6.30 |
Net Assets and the number of members by PF
31.03.2020
| Pensions Funds | Number of Members | Net Assets (million ALL) |
| SIGAL | 8,171 | 1,405.61 |
| RAIFFEISEN | 3,080 | 780.77 |
| CREDINS PENSION | 17,423 | 892.69 |
| ALBSIG | 1,628 | 8.08 |
| TOTAL | 30,302 | 3,087.15 |
Market share by number of pension funds members, 31.03.2020 (In %)
To read the full material of the Private Voluntary Pension Market Developments as of 31.03.2020 (in Excel version) please click here.
[1] http://www.bankofalbania.org/ The Bank of Albania, official exchange rate ("fixed exchange rate system") on 31.03.2020 was 1euro=130.66 ALL
