ICU Investment Group Reaches 19% Market Share in NPF Assets Under Management

The NPF Market in Ukraine

As of June 30, 2025:

• the assets of all non-state pension funds amounted to UAH 6.2 billion;
• there are over 887,000 participants, of whom 92,000 have already received or continue to receive pension payments;
• total pension contributions reached UAH 3.5 billion;
• pension payments amounted to UAH 2 billion;
• the total investment income of all funds exceeded UAH 5.3 billion.

(Source: NSSMC report for Q2 2025)

ICU Investment Group results

• The assets of the six NPFs managed by ICU amount to UAH 1.17 billion, an increase of UAH 103 million (+10%) since thebeginning of 2025.
• The number of participants in these funds exceeds 124,000.
• ICU’s asset management company also administers five NPFs with nearly 81,000 participants.·     
•    ICU’s market share has reached 19% of assets under management, including the National Bank of Ukraine’s NPF, or 32% excluding it.

ICU-Managed Funds Among Market Leaders

By asset size, the following ICU-managed funds are among the ten largest NPFs in Ukraine:

• “Ukreximbank” — 4th place,
• “Dynasty” — 5th place,
• “Emerit-Ukraine” — 6th place.

By relative asset growth in 2025:

• “Care” — 1st place,
• “Dynasty” — 3rd place.

Returns for Participants

Since ICU Investment Group began managing them, all six NPFs have delivered net returns exceeding the official hryvnia-to-U.S. dollar exchange rate growth, and five of the funds have also outperformed inflation. This ensures that participants’ purchasing power is preserved, while pension savings remain reliable and protected.