VEB.RF announced that it doubled the profitability of pension savings

State Corporation VEB.RF reportedthat at the end of 2022, the profitability of pension savings for the expanded portfolio was 9.7% per annum, for the portfolio of government securities – 10.24%. In 2021, these figures were 4.66% and 4.94%, respectively. At the same time, the yield did not reach the level of inflation. According to Rosstat, at the end of 2022, it was 11.9%.

Income from the expanded portfolio of pension savings amounted to RUB 188 billion. According to VEB.RF, this is the best result since 2016. Income from the portfolio of government securities – more than 3.9 billion rubles. In general, the yield was provided by coupon payments on bonds and proceeds from the placement of funds.

The total investment income of citizens who have left their savings in the Social Fund of Russia, as well as those who have chosen an expanded investment portfolio since 2004, has exceeded 1.7 trillion rubles.

In 2022, VEB.RF invested heavily in transport and urban infrastructure (RUB 460 billion), housing and mortgages (RUB 300 billion), energy (RUB 260 billion)

VEB.RF performs the functions of a state management company for the management of citizens’ pension savings. Also, in cooperation with commercial banks, VEB.RF finances projects aimed, among other things, at the development of infrastructure, industry, and national projects.

Lusine Balasyan