Private pension companies - among the major foreign investors in the economy in 2007
The 18 mandatory private pension companies (pillar II) operating on the market during the sales campaign for these products (September 2007 - January 2008) invested over EUR 200 million in the share capital alone, the amount representing almost 9% of the total share capital inflow from the foreign companies present in Romania in 2007. The information is included in the 2007 annual report published today by the Private Pension Supervisory Commission (CSSPP).
In fact, the mandatory pension companies were among the largest foreign investors in the Romanian economy last year, bringing significant capital inflow, according to these figures. The real investments of the pension companies were actually higher than that, the rest representing issuing premium and reserves capital, not mentioned at the share capital item in the balance sheet of the pension companies.
According to certain estimates on the market, the mandatory private pension companies invested, at the beginning of this system, amounts totaling half a billion euros, of which only EUR 200 million represent share capital.
The pension funds will soon become the most important institutional financial investors in the Romanian economy, as the amounts they manage grow. According to a survey conducted by the National Forecast Commission a few months before the start of the sales in September last year, the mandatory pension funds shall manage total amounts of almost EUR 25 billion by 2020.
