Data on first half profits was provided by the nine administrators on Pillar II.
ING Pensii’s mandatory private pension fund reported the highest net profit in the industry, RON111.45 million, up 130.6% on June 2011.
Allianz-Tiriac Pensii’s fund posted net profit of RON83.6 million, from RON34.01 million in the first six months of 2011.
The net profit of Generali Pensii’s Aripi fund climbed by 145.5% to RON31.09 million.
The ranking by assets is the same for these three funds.
The Alico fund reported the highest net profit per client, RON69.7, followed by ING’s fund – RON65.1, and Pensia Aviva – RON64.9.
On the other hand, the funds’ administrators posted combined losses of RON3.04 million, down by 78.5% on the year.
ING Pensii Private was in the lead with net profit of RON6.57 million, up 64.5% on June 2011.
Allianz-Tiriac Pensii switched from losses of RON309,465 to profit of RON4.75 million in the first six months.
Aviva Pensii’s profit climbed from RON19,633 to RON1.4 million, Generali Pensii reported RON1.1 million and Alico Pensii – RON263,013.
The other four administrators – Aegon, BRD, Eureko and BCR – ended the first half with combined losses of RON17.1 million.
At the end of July, the nine administrators on Pillar II managed net assets worth RON8.21 billion, 3.66% more than on June 30. Their funds had 5.67 million participants, from 5.52 million in December 2011. (EUR1=RON4.4819)