Bancpost could exit Pillar II

These talks about a possible absorption of Bancpost’s fund are mainly due to the fact that the administrator was unable to attract the minimum 50,000 clients, stipulated by law, though the company had three years to reach this client portfolio.

“Bancpost Fond de Pensii is analyzing either a merger with another small fund, or the absorption by one of the larger players,” Bancpost officials told Business Standard.