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Private pension becomes biggest segment of non-bank financial sector

The private pensions sector has become the segment of Romania's non-banking financial market with the largest capitalization, around 7% of GDP, Nicu Marcu, president of the Financial Supervision Authority (ASF) commented.He praised the sector's dynamics, which he attributed to the sound institutional framework.   Boasting total assets of about RON 73 billion (nearly EUR 15 bln) as of October 2020, the ...

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