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SpanishEBRD pioneers private pension management in Bosnia and Herzegovina
The EBRD is pioneering the development of private pension management in Bosnia and Herzegovina with an equity investment in the European Voluntary Pension Fund Management Company (EPF) together with Skupna pokojninska družba and the Pension Reserve Fund of Republika Srpska.
The EBRD and Enterprise Expansion Fund (ENEF) will jointly invest BAM 1,452,000 (€742,500 equivalent) to purchase 33 per cent of the capital and voting rights in the joint stock company.
The investment will allow the fund management firm to become the first provider of voluntary pension management services in Republika Srpska, one of the two entities constituting Bosnia and Herzegovina. This will offer private customers and investors a wider choice and represent a major milestone in the development of the local capital market, according to EBRD.
Full Content: The Financial
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