In January-June 2010, Pillar II pension funds’ net profit stood at RON246.7 million.
Nine private pension fund administrators operate on the Pillar II segment.
The most profitable mandatory pension fund in the first six months of the year was the one administered by ING Pensii (RON48.33 million, down 49.5% from June 2010).
The pension fund administered by Allianz-Tiriac Pensii comes second with a net profit of RON34.01 million, from RON62.46 million a year ago.
The net profit of Pillar II pension fund Aripi, administered by Generali Pensii, fell 36.5% in the analyzed interval to RON12.7 million.
The remaining six Pillar II funds’ net profit amounted to RON43.94 million.
On the other hand, private pension fund administrators registered losses of RON14.2 million in the first half of the year, down 27.5% compared to June 30, 2010.
The most profitable pension fund administrator was ING Pensii Private, whose net profit stood at RON3.99 million in the first half of the year, from RON355,721 in June 2010.
It was followed by Aviva Pensii, which posted a RON19,633 profit from losses amounting to RON535,519.
The remaining seven pension fund administrators (Alico, Allianz-Tiriac, Aegon, Generali, BRD, Eureko and BCR) registered losses amounting to RON18.2 million.
At the end of July 2011, pension fund administrators on the Pillar II segment registered net assets of RON5.55 billion, up 3.3% from June 30.
The number of Pillar II contributors stood at 5.34 million end-July, from 5.32 million in June.
The first contributions to the mandatory pension funds were made in May 2008.
(EUR1=RON4.2219)