Net assets of Croatian mandatory pension funds increased by HRK 3.2 billion in July

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ZAGREB, August 23, 2022 – Net assets of mandatory pension funds stood at HRK 132.3 billion at the end of July 2022, HRK 3.2 billion or 2.5% higher than the previous month, according to a monthly report by the Croatian Financial Services Supervisory Authority. Agency (HANFA) shows.

In July, the downward trend in the value of the pension fund’s net assets, which had lasted since April, came to an end. After a decrease of HRK 3.1 billion in February, in March there was a partial recovery in assets with an increase of HRK 2.1 billion during the month, but a decrease was recorded again in April, from HRK 717.8 million, as well as in May. , HRK 515.3 million, and June, HRK 1.8 billion.

At the end of July 2022, mandatory pension funds had 2,140,454 members, i.e. 7,081 members or 0.3% more than in June 2022.

The structure of mandatory pension funds shows that bonds remained the predominant form of investment, with HRK 85.5 billion invested and a share of 64.6%. Their share fell by 0.1 percentage point compared to the previous month.

In contrast, the share of equity investments remained unchanged at 20.3% or HRK 26.8 billion. Investments in investment funds amounted to HRK 14.3 billion, representing 10.8% of the assets of these funds.

At the end of July, eight open voluntary pension funds and 20 closed voluntary pension funds were operating in Croatia. Open funds had 364,783 members and closed funds 46,699 members.

Total monthly payments to voluntary pension funds amounted to HRK 53.6 million, down 3.8% from June 2022, while monthly payments totaled HRK 23 million, down 18 .6% or HRK 5.2 million.

Net assets of voluntary pension funds in July stood at HRK 7.7 billion, up HRK 176.5 million (+2.3%) from the previous month. Most investments were made in bonds (56.6% of total net assets), followed by equities (25%) and investment funds (10.5%).

(€1 = HRK 7.510450)

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