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Shqip
23 February 2024
Private Pension Market Developments for 31.12.2023
Private Pension Market Developments for 31.12.2023
Six pension funds operated in the private pension market during the year 2023. The data analysis of the private pension market as of 31.12.2023 shows total net assets of ALL 6,737.99 million (Euro 64.86 million[1]), with an increase of about ALL 1,039 million (18.22%) compared to 31.12.2022. The number of pension funds members as of 31.12.2023 amounted to 38,180 members, registering an increase of 4.55% compared to 31.12.2022.
Pensions Funds' (PF) Indicators
| Specification | Value (million ALL) | Change (In %) | |
| 31.12.’22 | 31.12.’23 | 31.12.’22-31.12.’23 | |
| PFs' net assets | 5,699.38 | 6,737.99 | 18.22 |
Net Assets and the number of members by PF 31.12.2023
| Pensions Funds | Number of Members | Net Assets (million ALL) | ||||
| SIGAL | 11,244 | 2,782.45 | ||||
| CREDINS PENSION | 18,852 | 2,046.69 | ||||
| RAIFFEISEN | 3,792 | 1,396.53 | ||||
| ALBSIG | 4,076 | 493.73 | ||||
| SMART PENSION | 194 | 17.81 | ||||
| SIGAL PRO | 22 | 0.78 | ||||
| TOTAL | 38,180 | 6,737.99 | ||||
To read the full material of the Private Pension Market Developments as of 31.12.2023 (in Excel version) please click here.
[1] http://www.bankofalbania.org/ The Bank of Albania, official exchange rate ("fixed exchange rate system") on 29.12.2023 was 1euro=103.88 ALL
