ING's CEE boost
Dutch banking group ING’s pension fund assets in central Europe have risen by more than 32% to almost €7bn.
“Pension fund assets in central Europe increased 32.6% to €6.8bn at the end of September, driven by strong growth in Poland, Hungary and the Czech Republic,” according to ING’s nine-month earnings statement.
It added that sales in central Europe were driven by life and pension sales in Hungary and Romania as well as the launch of a new pension fund in Slovakia.
And assets under management at ING Investment Management were up 15.9% to €200.9bn. The division’s assets under management in Europe rose 12.2% to €83.6bn, with €650m net inflows. Asia/Pacific rose 23% to €49.4bn – including a €2.7bn net inflow.