Romania's largest voluntary pension fund grew by 10% in August
ROMANIA. BCR Prudent, the largest voluntary private pensions fund (3rd
pillar) in Romania, grew by 10% in assets managed during August, to
reach, 4.55 EUR mln. in assets value, data by the fund has showed.
Romania has a freshly launched voluntary pensions market with a lot of
growing potential. The fund is managed by BCR Life Insurance and is the
largest in the country, in terms of assets.
AThe fund's membership grew by almost 5% in August, to reach 28,215
participants. According to prior data, valid at the end of July, BCR
Prudent invested 69.1% of its assets in state bonds, 13.3% in municipal
bonds and 17.6% in bank accounts.
04.09.2008
