TIRANA, May 10/ATA/-Supplementary private pension funds have expanded their activity during 2020, the Bank of Albania (BoA) said on Monday.
According to Bank of Albania, at the end of the third quarter of 2020, the net assets of these funds amounted to about ALL 3 billion, or 18% higher than in the same period of 2019.
The activity of pension funds is dominated by investments in government debt securities. There are 4 active pension funds in the Albanian financial system.
Voluntary private pension funds are an important instrument of total individual savings, which include: investment fund and Albanian government debt securities, treasury bills and bonds. //a.i/
