Romanian Mandatory Private Pension Funds’ Profit Fell 80% In 2011 To RON108.4M
Romanian mandatory private pension funds (Pillar II) posted a cumulated profit of 108.4 million lei (EUR24.9 million) in 2011, down 79.5% on the year, due to the reduction of the weighted average yield on net assets to 3.1% from 15.1%, according to MEDIAFAX calculations.
In 2010, the cumulated profit registered by Pillar II funds stood at RON383.5 million, which represents the difference between the increase of net assets on the Pillar II segment and the gross contributions to Pillar II funds.
Net assets rose by RON1,947.5 million in 2010 to RON4,311.9 million, and contributions amounted to RON1,564.0 million, according to private pension system regulator CSSPP.
Last year, Pillar II net assets increased by RON2,084.5 million to RON6,416.4 million, and pension contributions amounted to RON1,976.2 million.
Citește și
3 min
Mirela Turlan
1 min
Vali Pencu
3 min
Catalina Apostoiu