Mandatory Private Pension Funds' Deposits Climb To EUR86M In May

06.23.2011 By Ciprian Botea

Bank deposits of mandatory private pension funds (Pillar II) went up 61% in the last two months, to 367 million lei (EUR86 million) at the end of May, with fund managers preferring to place money at the bank despite declining interest rates, amid financial market uncertainty.

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Keywords:
PENSION
, FUNDS
, ASSETS
, BANK DEPOSITS