Romania’s eight Pillar II funds are administered by eight companies.
Four Pillar II fund administrators registered profit last year: ING Pensii (RON16.4 million in 2012, from RON11.4 million in the previous year), Allianz-Tiriac (RON13.2 million, almost four times higher on the year), Generali (RON3.2 million) and Alico Pensii (RON1.8 million).
BCR Pensii registered loss of RON38.8 million last year. It was followed by Eureko Pensii with losses of RON8.8 million, BRD Pensii (with a RON1.5 million loss, down from RON2 million in 2011) and Aegon Pensii (with losses of RON0.64 million, up 16.7%).
On the other hand, all Pillar II funds had profit last year. Their cumulated net profit amounted to RON719.5 million, up from RON142.9 million in 2011.
ING (administered by ING Pensii) reported the highest profit for 2012, of RON292.5 million, up from RON35.72 million in the previous year. It was followed by AZT Viitorul Tau (administered by Allianz-Tiriac Pensii), with profit of RON178.2 million, Aripi (administered by Generali Pensii), with RON67.7 million, Fondul Alico (administered by Alico Pensii), with profit of RON55.8 million, BCR (BCR Pensii), with RON51.8 million, Eureko (Eureko Pensii), with RON37.7 million, Vital (BT Aegon Pensii), with RON21.1 million, and BRD (BRD Pensii), with profit of RON14.8 million.
At the end of 2012, the Pillar II segment had about 5.77 million contributors, and their net assets amounted to RON9.64 billion.
The first Pillar II contributions were paid in May 2008. (EUR1=RON4.3182)