Mandatory private pension funds reported net assets of RON9.99 billion in January, up 3.64% from December 2012.

The nine mandatory pension funds had 5.8 million contributors at the end of January, 0.53% more from end-December.

Pension funds administered by ING Pensii, Allianz-Tiriac Pensii and Generali held around 69% of net assets and 63% of participants.

A total of RON222.35 million was transferred to private pension funds in January 2013, up 25.66% on the year and up 2.28% on the month.

According to CSSPP, a total 3.54 million participants contributed to private pension funds in January, which accounts for 61.05% of total participants, slightly down from 61.92% in January 2012 and 61.89% in December 2012.

The average contribution per participant stood at RON62.76 in January 2013, up 21.77% on the year and up 3.13% on the month.

Voluntary private pension funds reported net assets of RON618.59 million in January, up 3.28% from December 2012.

The first contributions to voluntary pension funds were made in May 2007, while the first contributions to the mandatory pension funds were made a year later. (EUR1=RON4.3863)