Statistics on Pension Funds: Q3 2024
11/12/2024 - Press Releases
- Total assets of pension funds increased by 3.4% to €2,428 million at the end of the third quarter of 2024 from €2,348 million in the previous quarter.
Total assets of compulsory and non-compulsory occupational pension funds (“pension funds”) increased by €80 million compared with the previous quarter and stood at €2,428 million in the third quarter of 2024.
In further detail, the overall deposits of pension funds decreased by 6 million and stood at €66 million at the end of the third quarter of 2024. Deposits’ share in total assets decreased to 2.7% from 3.1% in the previous quarter.
Total holdings of debt securities increased to €1,108 million at the end of the third quarter of 2024 from €1,063 million in the previous quarter. This development is mainly due to net purchases of foreign government securities, which was partially offset by net sales of domestic government securities, as well as to an increase in all debt securities’ prices. Debt securities’ share increased to 45.6% of total assets at the end of the third quarter of 2024, compared with 45.3% in the previous quarter.
Total holdings of investment fund shares increased to €801 million at the end of the third quarter of 2024 from €754 million in the previous quarter. Their share in total assets increased to 33.0% compared with 32.1% in the previous quarter. The increase of these holdings is mainly due to net purchases of foreign investment fund shares.
Equity holdings stood at €407 million at the end of the third quarter of 2024 compared with €410 million in the previous quarter and their share in total assets decreased to 16.8% from 17.4% 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 2024 will be published on 13 March 2025, according to the Advance release calendar on the Bank of Greece website.