“OTP Pension” becomes the first open-ended private pension fund in Ukraine to reach UAH 1 billion in assets

The non-state pension fund OTP Pension has reached UAH 1 billion in net assets, becoming the first open-ended private pension fund (NPF) in Ukraine to surpass this milestone.

Behind this figure lies 17 years of the fund’s operation: pension contributions from tens of thousands of participants and investment income generated by the asset management company. Together, these form the financial foundation for future pension payments independent of the state system.

UAH 1 billion is more than just a new reporting benchmark for a single fund. It represents an important milestone for Ukraine’s non-state pension market, where individuals can independently build additional retirement savings and employers can offer their employees another instrument of financial support.

From the first contributions to UAH 1 billion: 17 years of growth

OTP Pension began operations in 2009. By the end of that year, the fund’s net assets amounted to UAH 876.4 thousand, while the number of participants was approximately 2,600. Over the following years, the fund evolved from its first contributions into the largest open-ended private pension fund in Ukraine.

This growth occurred gradually: the fund attracted new participants, received pension contributions, and invested assets in accordance with its investment strategy. As the scale of operations expanded, so did the volume of assets under management.

2009–2015: building the foundation

During this period, OTP Pension’s net assets increased from UAH 876 thousand to UAH 47 million. The fund steadily expanded its participant base and laid the groundwork for future development.

2016–2023: expansion and a new scale

In 2016, net assets reached UAH 89.5 million, and by the end of 2023 they had approached UAH 490 million. The number of participants exceeded 63,000. During this period, the fund significantly increased pension savings under management and strengthened its position among Ukraine’s open-ended NPFs.

2024–2026: from half a billion to one billion

In February 2024, the fund’s net assets exceeded UAH 500 million. By the end of 2025, they amounted to UAH 818.5 million. In the second quarter of 2026, assets surpassed UAH 931 million, and by the end of October the fund reached the UAH 1 billion mark.

This journey reflects not only financial growth but also the expanding number of people using non-state pension provision as a tool for securing additional income in retirement.

Particular attention should be paid to the fund’s performance following the start of Russia’s full-scale invasion. At the end of 2022, net assets stood at UAH 369.9 million. Despite the challenges of wartime, the fund continued operating, managing pension assets, and fulfilling its obligations to participants already receiving pension payments. From the end of 2022 to October 2026, the fund’s net assets increased nearly 2.7 times.

Such results are especially important in the context of long-term retirement planning, where savings are accumulated over many years. Consistent fund management, prudent asset allocation, and risk control remain crucial under all economic conditions.

“In a world of constant change, only one thing remains certain: each of us will eventually think about our quality of life after completing an active career. While we pay attention to our health every day, we often postpone thinking about our financial future.

Our future increasingly depends on our own decisions and responsibility. We cannot stop the passage of time, but we can prepare for every stage of life, including an active and financially independent retirement.

We are pleased that more and more Ukrainians are choosing non-state pension savings as one of the tools for securing their future. We are also proud that OTP Pension has become the first private pension fund in Ukraine whose assets have exceeded UAH 1 billion. This achievement is the result of our participants’ trust and an important step forward in developing a pension savings culture in Ukraine,” said Natalia Mezhenska, CEO of OTP Capital.

What stands behind the UAH 1 billion: contributions, investment income, and benefits payments

To understand how pension savings are accumulated, it is important to look not only at the total assets of the fund but also at how participant funds are managed.

According to OTP Pension, as of 31 October 2026:

Total pension contributions received since the fund’s inception: UAH 589.3 million

Accumulated investment income: UAH 491.5 million

Total pension benefits paid to participants: UAH 76.8 million

Each of these figures reflects a different aspect of the fund’s operations.

Pension contributions are funds transferred to the NPF by participants, whether individuals or employers, to build additional retirement savings. The fund invests these assets in line with its investment strategy, and the resulting investment income is added to contributions, increasing the value of each participant’s accumulated savings and the fund’s assets overall.

When a participant becomes eligible for pension benefits under the terms of the pension plan, they receive payments from their accumulated savings. Importantly, the remaining balance continues to be invested during the payout period, meaning the total amount ultimately received can continue to increase over time.

From the fund-level perspective, UAH 1 billion in net assets represents the value of assets owned by OTP Pension participants. At present, this consists of the contributions made by participants and the investment income generated on those contributions. It does not include pension payments already made throughout the fund’s history.

What UAH 1 Billion Means for Fund Participants

Reaching UAH 1 billion in net assets is a sign that the fund entrusted with participants’ retirement savings continues to grow and develop.

This achievement reflects the decisions of thousands of people who have chosen OTP Pension. The fund’s scale and growth trajectory demonstrate trust in the institution and the increasing popularity of non-state pension provision in Ukraine. More and more people are choosing not to rely solely on the state pension system and are instead taking responsibility for their own financial future. Every participant is part of a growing community committed to a responsible approach toward retirement planning.

A larger asset base also provides the fund with broader opportunities for portfolio diversification in accordance with its investment declaration and applicable regulatory requirements.

At the same time, for each participant, the most important factor is not simply the total asset value of the fund, but how their individual savings perform. Outcomes depend on the size and regularity of contributions, the investment horizon, and investment returns.

Non-state pension provision enables individuals to gradually build an additional financial resource for the future. Participants determine contribution amounts according to their financial capabilities, while the fund invests pension assets in line with its investment strategy and regulatory requirements.

Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.