Pillar II funds have approximately 7.7 million contributors.
In May 2021, the assets managed by Pillar II pension funds increased by RON1.2 billion, per calculations by Ziarul Financiar (ZF) based on the latest ASF data. At the end of March, the seven Pillar II funds had assets of RON80.2 billion at the end of March, ASF data also showed.
Compared with May 2020, Pillar II pension funds increased their assets by 27.8%, or nearly RON18 billion.
In May 2021, the bulk of investments (RON53 billion) targeted state treasuries (64% of the total), followed by equity- 24% or RON19.7 billion and corporate bonds (RON3.5 billion), bank deposits (RON1.4 billion) and other placements.
The largest Pillar II fund is NN Pensii (RON29 billion and two million contributors), followed by AZT Viitorul Tau (RON17.8 billion and 1.6 million contributors) and Metropolitan Life Pensii Private (RON11.5 billion and 1.1 mi¬llion contributors).
In December 2020, the seven Pillar II funds had significant ownerships in the companies listed on the Bucharest Stock Exchange, namely, 23% of the share capital of lender Banca Transilvania, 26% in property restitution fund Fondul Proprietatea, 22% in state-owned energy utility group Electrica, 18% in state-owned gas natural transmission company Transgaz, 14% in state-owned natural gas producer Romgaz, and 11% in oil and gas producer Petrom.