OREANDA-NEWS. September 19, 2008. DnB NORD Investiciju Valdymas pension funds have received a LTL 17.6 million injection from Sodra for year-quarter II. This amount is 31.7 percent higher compared with the same period last year, reported the press-centre of DnB NORD Bankas.

In 2008 the number of customers holding pillar 2 pension accumulation agreements signed with DnB NORD Investiciju Valdymas totalled 54 730 , and the average assets of pillar 2 pension accumulation participants amount to LTL 2.722. The average salary of DnB NORD Investiciju Valdymas pension fund participant increased 14.3 percent and the number of participants was higher 15.2 percent.

According to Sarunas Ruzgys, General Director: “A major part of the injection will be invested in more secure instruments whereas the main focus will be on retaining the funds and maintaining their steady growth. None of our managed funds, according to their strategies, foresee to invest 100 percent of the held funds to equity asset class”.

The amount accumulated in pillar 2 and pillar 3 pension funds equals LTL 166 million.