Statistics on Pension Funds: Q3 2023
14/12/2023 - Press Releases
- Total assets of pension funds increased by 1.3% to €2,045 million from €2,018 million in the previous quarter.
Total assets of pension funds increased by €27 million compared with the previous quarter and stood at €2,045 million in the third quarter of 2023.
In further detail, the overall deposits of insurance corporations increased by €23 million to €92 million at the end of the third quarter of 2023. Deposits’ share in total assets increased to 4.5% in the third quarter of 2023 compared with 3.4% in the previous quarter.
Total holdings of debt securities increased to €997 million in the third quarter of 2023 from €977 million in the previous quarter. This development is mainly due to purchases of other euro area government bonds. Debt securities’ share increased to 48.8% of total assets at the end of the third quarter of 2023 compared with 48.4% in the previous quarter.
Total holdings of investment fund shares stood at €609 million compared to €607 million in the previous quarter. Their share in total assets decreased to 29.8% compared with 30.1% in the previous quarter. The value of these holdings increased mainly due to purchases of domestic investment fund shares, which, however, was counterbalanced by a reduction in the prices of foreign investment fund shares.
Equity holdings decreased to €303 million in the third quarter of 2023 compared with €315 million in the previous quarter, mainly due to the reduction in prices of domestic shares as well as sales of foreign equities. Their share in total assets decreased at 14.8% compared with 15.6% in the previous quarter.
Table 1: Balance Sheet of Pension Funds (EUR millions at the end of the period)
Table 2: Net flows of investments of Pension Funds (EUR millions)
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Related information:
The next Press Release on “Statistics on Pension Funds” for the fourth quarter of 2023 will be published on 14 March 2024, according to the Advance release calendar, as published on the Bank of Greece website.
Related links:
Complete data set of pension funds