Total assets held by privately-managed pension funds reach 57.43 bln lei in H1 2019
Publicat:Total assets held by the privately-managed pension system reached 57.43 billion lei (12.13 billion euros) in H1 2019, up by almost 26 percent from the 45.6-plus billion lei recorded a year ago, shows data of the Financial Supervisory Authority (ASF). As of end-June 2019, private pensions accounted for 5.8 percent of the GDP, compared to 5.22 percent in December 2018.
"The assets of privately-managed pension funds topped 12 billion euros at the end of H1 2019, getting to account for 5.8 pct of GDP. Privately-managed pension funds are important institutional investors in the economy,…
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