Croatian pension funds' net assets rise 13% on year
Total net assets of Croatian pension funds reached HRK 134.8 billion (EUR 18 billion) at the end of July, up 12.9% year-on-year, according to data by the country's financial regulator, Hanfa.
On month, the net assets of Croatian pension funds were 0.9% higher at the end of July.
The Adriatic country of 4.4 million people had 2.078 members of its 12 mandatory pension funds in July as well as 343,890 members of its 8 open-end voluntary pension funds and 45,425 members of its 20 closed-end voluntary pension funds.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.