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Shqip
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
