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Founded | March 15, 1994 (1994-03-15) |
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Headquarters | Prague, Czech Republic |
AUM | CZK 49 bn (2023) |
Total assets | CZK 0.8 bn (2023) |
Owner | Nationale-Nederlanden |
Number of employees | 9 (2023) |
Parent | NN Continental Europe Holdings B.V. |
NN Penzijní společnost, a.s. is one of the eight Czech pension companies licensed to manage state-sponsored pension funds. The company was incorporated as Průmyslový penzijní fond (Industrial pension fund) in 1994. A few years later ING Group became the sole shareholder, and in 2000 the company was renamed to ING penzijní fond (ING pension fund). In 2004 administrative expenses rose sharply, marketing expenses and personnel expenses were doubled. Company's market share subsequently deteriorated from 12% at the end of 2004 to 8% at the end of September 2014.
References
- Financial statements of ING Penzijní fond, a.s. for calendar year 2000, page 1
- ^ Annual report of NN Penzijní společnost, a.s. for calendar year 2023
- Commercial register at justice.cz, company ID (IČ) 63078074, NN Penzijní společnost, a.s.
- Annual report of ING Penzijní fond, a.s. for 2004, page 15 (Marketing expenses increased by 115%, personnel expenses increased by 99 %. As the number of employees increased by 39 % y-o-y, rental expenses for office space increased by 65 %)
- According to statistics of Association of Czech pension companies, there were 2,949,688 active participants, of which 355,337 had a contract with ING PF (12.05 %)
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