By comparison, the assets of Pillar II funds stood at RON96.5 billion at end-2022, which means that Pillar II has increased by RON11 billion since the beginning of 2023.
As many as eight million Romanian employees contribute 3.75% of their monthly gross income to Pillar II.
The seven funds started to achieve performance against the backdrop of the state treasuries market showing signs of easing, where Pillar II has carried out investments of almost RON68 billion, amid a slowdown in inflation due to central banks increasing key rates.
NN Pensii is the largest P2 fund, with assets of RON37 billion, being followed by AZT Viitorul Tau with RON22.7 billion, and Metropolitan with RON15.2 billion.
Vital has assets of RON11 billion, Aripi has assets of RON9.7 billion, BCR Pensii’s assets reach RON7.6 billion and BRD Pensii’s assets stand at RON4.6 billion, as per ASF data.