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Net assets worth €2.96 mil for optional pensions

Publicat la 03.01.2008, 22:00:00

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Net assets worth €2.96 mil for optional pensions
The seven funds operating on this market, pillar III of the pension system, secured some 51,000 subscribers by the end of last year.

The leader of this market is the BCR Prudent fund, administered by BCR Asigurari, part of Romania’s top lender, Banca Comerciala Romana (BCR), with a 35 percent share. The fund’s growth was supported by a decision of BCR’s major shareholder, Austrian group Erste, to provide optional pensions to the bank’s employees. BCR Prudent currently has assets exceeding €1 mln and close to 11,000 clients.

The AZT Moderato fund, administered by Allianz-Tiriac Pensii Private, has some 13,000 clients and net assets worth €722,000.

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