The pension funds managed by BRD Pensii Private, BRD Primo and BRD Medio merged, being absorbed by the latter.
Also, the Stabil fund, managed by Generali Pensii, has absorbed OTP Strateg, managed by Onix Asigurari (formerly known as OTP Garancia Asigurari).
According to CSSPP data, at the end of October, BRD Primo and BRD Medio had 6,805 clients and net assets of 9.88 million lei (EUR2.27 million), while Stabil and OTP Strateg had 3,964 clients and net assets of RON3.41 million.
The voluntary pension segment, Pillar III, has 13 authorized pension funds, managed by 11 companies, 252,283 clients and net assets of RON413.59 million.
(EUR1=RON4.3498)