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Bucharest
September 18, 2021
BUSINESS

Private pension funds post 61 pc profit increase in 2010

Mandatory and facultative pension funds posted for last year a cumulated net profit of RON 448.1 M (EUR 106.4 M), up 61 pc from 2009, according to data released by the Romanian Association for Private Pensions (APAPR). The profit of pension funds represents the cumulated net gains resulting from financial investments, and belongs to the more than 5.4 million contributors to the private pension system, reads a press release issued by APAPR yesterday. The nine mandatory pension funds (Pillar II) obtained a cumulated net profit of RON 422.4 M, 63.5 pc more than in 2009. The most profitable three pension funds of the 2nd Pillar are those managed by ING Pensii, Allianz-Tiriac Pensii and Generali Pensii.

In the 3rd Pillar of facultative pensions, the 13 funds had a cumulated net gain of RON 25.7 M, accounting for an increase by 25.8 pc over 2009’s level. “None of the 22 private pension funds has posted losses in 2009 or 2010,” mentions the press release. The most profitable facultative pension fund was ING Optim, followed by AZT Moderato, BCR Prudent and ING Activ.

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