The country's pension sector asset value totals 1.54 billion euros

The country's pension sector asset value totals 1.54 billion euros

The Kosovo Central Bank in this year's report, until June, has announced that the pension sector marked accelerated annual growth of assets of 15.8 per cent. According to the CEC, the overall value of pension sector assets reached 1.54 billion euros, representing the second largest sector in the financial system with [...]

According to the CEC, the overall value of pension sector assets reached 1.54 billion euros, representing the second largest sector in the financial system with 27.7 per cent of assets.

The growth of new contributions and investment returns during this period can largely be attributed to increased pension assets. The value of new collections reached 77.2m euros, compared to the value of 74.3m euros in June 2016. Value of new collections of Kosovo Pension Savings Fund ( The FKPK reached 77.0m euros, while that of the Slovenian-Kosovo Pension Fund ( The FSKP reached 244.3 thousand euros”, the BQC report said, for the second three months of this year.

The pension sector markedly increased investment returns to 56.5m euros, as opposed to the return of 33.6m euros in the same period of the year.

 

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