The Bank of Greece released fourth-quarter 2024 statistics on compulsory and non-compulsory occupational pension funds, showing total assets increased by 3.3% compared with the previous quarter to EUR 2,508 million (up EUR 80 million). Deposits rose to EUR 73 million, increasing their share of assets to 2.9% from 2.7%. Holdings of debt securities grew to EUR 1,123 million, mainly reflecting net purchases of domestic securities partly offset by net sales of foreign securities, while their share declined to 44.8% from 45.6%. Investment fund shares increased to EUR 835 million, driven mainly by net purchases of foreign investment fund shares, lifting their share to 33.3% from 33.0%. Equity holdings rose to EUR 425 million, mainly due to valuation increases in foreign shares, and their share edged up to 17.0% from 16.8%. The next press release covering the first quarter of 2025 is scheduled for 12 June 2025.
Bank of Greece 2025-03-13
Bank of Greece publishes Q4 2024 pension fund statistics showing assets up 3.3% to EUR 2,508 million
The Bank of Greece reported a 3.3% increase in total assets of occupational pension funds in Q4 2024, reaching EUR 2,508 million. Deposits rose to EUR 73 million, while debt securities holdings grew to EUR 1,123 million, despite a decline in their share of total assets. Investment fund shares and equity holdings also increased, driven by net purchases and valuation gains, respectively.