17 November 2021

Private Voluntary Pension market for 30.09.2021

Four pension funds operated in the voluntary private pension market during the period 30.09.2021. The data analysis of the voluntary private pension market as of 30.09.2021 shows total net assets of ALL 4,284.84 million (Euro 35.25 million[1]), with an increase of about ALL 681.56 million (18.92%) compared to 31.12.2020. The number of pension funds members as of 30.09.2021 amounted to 32,932 members, registering an increase of 6.16% compared to 31.12.2020.

Pensions Funds' (PF) Indicators                                                                                            

Specification Value (million ALL) Change (In %)
  31.12.’20 30.09.’21 31.12.’20-30.09’21
PFs' net assets 3,603.27 4,284.84 18.92


Net Assets and the number of members by PF                                                                  30.09.2021
Pensions Funds Number of Members Net Assets (million ALL)
SIGAL  8,925  
1,880.42
CREDINS PENSION 18,133  
1,295.39
RAIFFEISEN   3,171  
   982.73
ALBSIG
  2,703
                                   
   126.30
TOTAL            
32,932

4,284.84


Market share by number of pension funds member, 30.09.2021 (In %)
           




To read the full material of the Private Voluntary Pension Market Developments as of 30.09.2021 (in excel version) please click here.
                             
 
[1] http://www.bankofalbania.org/ The Bank of Albania, official exchange rate ("fixed exchange rate system") on 30.09.2021 was 1euro=121.54 ALL