24 November 2020

Private Voluntary Pension market developments for 30.09.2020

Four pension funds operated in the voluntary private pension market during the period January-September 2020. The data analysis of the voluntary private pension market as of 30.09.2020 shows total net assets of ALL 3,440.46 million (Euro 27.73 million[1]), with an increase of about ALL 536.39 million (18.47%) compared to 31.12.2019. The number of pension funds members as of 30.09.2020 amounted to 30,718 members, registering an increase of 8.65% compared to 31.12.2019.

Pensions Funds' (PF) Indicators     

Specification Value (million ALL) Change (In %)
  31.12.’19 30.09.’20 31.12.’19-30.09’20
PFs' net assets 2,904.07 3,440.46 18.47

Net Assets and the number of members by PF                                                       30.09.2020
Pensions Funds Number of Members Net Assets (million ALL)
SIGAL 8,313              1,523.05
CREDINS PENSION 17,543                 1,041.25
RAIFFEISEN 3,098 843.15
ALBSIG 1,764                     33.01
TOTAL 30,718              3,440.46

Market share by number of pension funds members, 30.09.2020  (In %)

To read the full material of the Private Voluntary Pension Market Developments as of 30.09.2020 (in Excel version) please click here.
[1] http://www.bankofalbania.org/ The Bank of Albania, official exchange rate ("fixed exchange rate system") on 30.09.2020 was 1euro=124.05 ALL