AFP CONFIA leads Managed Funds Ranking

The Pension Funds administered in El Salvador have registered growth. According to the special edition Ranking in Moneda Newspaper, by the end of December 2021, El Salvador registered a positive evolution, both in managed funds and in the number of affiliates.

February 2022. AFP CONFIA is ranked proudly number one in Managed Funds, after adding US$6,742.8 million in this category. These results place AFP CONFIA as the largest pension fund administrator in the country, concentrating 24.9% of the total registered in its category. In addition to obtaining a market share of 52% of the total funds administered in El Salvador, which amounted to US$12,964.3 million.

In this regard, the statistics reflect that, the two Pension Fund Administrators (AFPs) operating in El Salvador and the five Complementary Pension Operators (OPC’s) operating in Costa Rica, added together represent funds equivalent to US$27,671 million, exceeding by 8.8% the US$25,435 million recorded in a similar period during 2020.

As for the number of affiliates, the figures reveal that, the social security system of El Salvador and Costa Rica reported in consolidated form 7,911,183 affiliates exceeding by 3.7% the 7,629,064 registered affiliates in the course of 2020.

Improving and obtaining new milestones day-by-day, as an institution, results as an motivation, obtaining such outstanding recognitions in the region, besides El Salvador, even so for the whole group at the Central American extent. Thus closing 2021, we expect by 2022 funds will increase exponentially.

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