Pension funds with record profits as of June 30 For the first six months of 2023, the Pension Insurance Companies in Bulgaria announced BGN 54.5 million net profit compared to BGN 37.4 million for the comparable period a year earlier. Two of the pension funds realized a positive financial result of more than BGN 10 million. These are POK Doverie and Allianz Bulgaria, which ended the half-year with profits of BGN 16.79 million and BGN 12.78 million. DSK-Rodina is also close to this limit, reporting a net profit of BGN 9.8 million. In the top 5 according to this indicator are CCB-Sila and POK UBB, reporting BGN 5.3 and 4.6 million profit for the period January 1-June 30. Higher assets under management also bring higher fund income. The current receipts, formed by fees and deductions, as well as management of own funds, grow to BGN 149.9 million against BGN 143.3 million for the first six months of 2022. The largest pension fund in our country - POK Doverie, announced the most large revenues for the period. They are BGN 37.9 million, while for Allianz Bulgaria and DSK-Rodina, the receipts amount to BGN 27 and 26 million. Saklesie and TsKB-Sila complete the top five with revenues of BGN 19 and 15 million. At the end of the second quarter of 2023, the net assets of the pension funds were worth BGN 21.08 billion. Compared to the end of last year, net assets increased by 9.7%, and compared to June 30, 2022 - by 14.08 percent. The fastest growing net assets of the universal pension funds, which report a growth of 15.1 percent compared to June 30, 2022. Followed by professional and voluntary pension funds with growth for the same period of 9.79 percent and 6.07 percent, respectively. The reported growth of voluntary pension funds under professional schemes for the period was 4.26 percent.
Source: Darik Radio (21.08.2023)