Albanian FSA reveals drivers of pension fund growth - EXCLUSIVE
CE Report presents an exclusive interview conducted via email with the Albanian Financial Supervisory Authority, offering insights into the current dynamics, trends, and regulatory developments shaping Albania’s private pension fund market.
Could you provide a detailed breakdown of the net assets for each of the seven active private pension funds as of September 2025?
The detailed breakdown of the net assets for each of the seven active private pension funds in the Albanian private pension fund market, as of September 2025, can be found in the link provided below.
https://amf.gov.al/statistika.asp?id=3&s=2
What factors contributed most significantly to the 11.55% growth in net assets compared to the end of 2024?
An important factor contributing to the growth of total net assets is the modest increase in the number of fund members and the higher volume of contributions paid. Even this gradual rise in participation, combined with more consistent contribution inflows, has helped reinforce the capital base of private pension funds and support their overall asset growth.
How has membership growth been distributed among the seven funds, and are there specific funds that experienced higher increases?
The number of members for each private pension fund as of September 2025 is shown in the table below. The fund that has recorded the highest increase in the number of members compared to December 31, 2024, is the Smart Pension Fund, which commenced operations at the beginning of 2023.
Sigal Max Pension - 17,791
Raiffeisen - 5,111
Credins Pension - 19,295
Albsig - 4,660
Smart Pension - 698
Sigal Pro Pension - 633
Master Pension Fund - 5
Are there any planned regulatory changes or incentives expected to further support the growth of private pension funds in Albania?
Within the framework of European integration, the Authority plans to amend the existing law to ensure full compliance with the IORP II Directive.
Does the AFSA have projections or expectations for the market’s growth for the remainder of 2025 and into 2026?
The market is expected to maintain this rhythm of growth.
This interview was prepared by Julian Müller
