The regulator said growth was due to 5.61% growth in contributions and a RON1.35 billion profit obtained by the private pensions system.
In the first nine months of 2020, contributions to the private pensions system in Romania amounted to RON6.95 billion, 5.61% higher compared with the same period in 2019.
The value of assets managed was higher by RON1.17 billion compared with total contributions. Private pension assets managed to cover the negative impact of the COVID-19 pandemic on financial markets and turned a profit of RON1.35 billion in January-September.
AT the end of September, Romania’s private pension system had 8.1 million contributors, 3% more compared with end-September 2019.