ZAGREB, 23 August, 2022 - The net assets of mandatory pension funds stood at HRK 132.3 billion at the end of July 2022, which is HRK 3.2 billion or 2.5% more than in the previous month, a monthly report by the Croatian Financial Services Supervisory Agency (HANFA) shows.
In July, the downward trend in the value of the pension fund's net assets, which had lasted since April, ended. 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 in the month, but a decrease was recorded again in April, of HRK 717.8 million, as well as in May, of HRK 515.3 million, and June, of HRK 1.8 billion.
At the end of July 2022, the mandatory pension funds had 2,140,454 members, which is 7,081 members or 0.3% more than in June 2022.
The structure of the mandatory pension funds shows that bonds continued to be the predominant form of investment, with HRK 85.5 billion invested and a share of 64.6%. Their share decreased by 0.1 percentage points from the previous month.
On the other hand, the proportion of investment in shares remained unchanged at 20.3% or HRK 26.8 billion. Investments in investment funds amounted to HRK 14.3 billion, accounting for 10.8% of the assets of these funds.
At the end of July, eight open-end voluntary pension funds and 20 closed-end voluntary pension funds operated in Croatia. The open-end funds had 364,783 members, and the closed-end ones had 46,699 members.
Total monthly payments into the voluntary pension funds amounted to HRK 53.6 million, a decrease of 3.8% compared with June 2022, while monthly disbursements totalled HRK 23 million, down by 18.6% or HRK 5.2 million.
The net assets of the voluntary pension funds in July totalled HRK 7.7 billion, increasing by 176.5 million (+2.3%) from the previous month. The bulk of the investments was made in bonds (56.6% of the total net assets), followed by shares (25%) and investment funds (10.5%).
(€1 = HRK 7.510450)
