91m-euro capital increases for pension companies

Mandatory pension companies (the 2nd pillar) performed capital increases worth 91 million euros (over 316.8 million RON) in total, according to the annual report of the Private Pensions Supervisory Commission (CSSPP). The pension managers that performed capital increases were ING Fond de Pensii, Interamerican Pensii, Aviva Pensii, BT Aegon and Generali Fond de Pensii. The biggest capital contribution came from ING shareholders, the leader of the mandatory pensions market, which contributed almost 60 million euros (212 million RON), followed by Aviva – 13.3 million euros (47.8 million RON) and the shareholders of Interamerican – 12.1 million euros (43.7 million RON). Following the increases, the total share capital of the mandatory private pension managers reached around 189 million euros (679 million RON), according to the CSSPP report, which means the increases doubled the initial capital.