The seven private Pillar II funds in Romania held significant stakes in listed companies in March 2021 – almost 30% in medical service provider MedLife, 26% in Fondul Proprietatea, 24% in Banca Transilvania – the largest lender in Romania, 22% in Electrica, 19% in Transgaz, 16% in BRD, 11% in OMV Petrom. They were the largest shareholders in some cases.
In comparison, the portfolio stood at RON14.8 billion at the end of 2020 and the pension funds held 22.5% in MedLife, 25.8% in Fondul Proprietatea, 23% in Banca Transilvania, 21.6% in Electrica, 18% in Transgaz, 15.7% in BRD, 11% in OMV Petrom.
In other words, with the rise in the prices of their stocks and the increase in their stakes, the portfolio of Bucharest Stock Exchange listed shares of the Pillar II pension funds increased by some RON2.5 billion, while the entire market rose by 14% in the first quarter of 2021.
(English version by Loredana Fratila-Cristescu)