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To be proud of our service by providing confidence for the future. 

The Hotel Employees Provident Fund constitutes one of the largest pension organizations operating in Cyprus in respect of the number of its members (12,859) and also the greatest Fund of the private sector based on its portfolio value.

The contributions of the Members are credited to the Account A of the Fund while the contributions of the employer are credited to the Account B. Read more…

Total Capital and Investment Returns
Έτος Κεφάλαια Ευρώ Απόδοση
1996 92.696.817 6,95%
1997 105.791.053 6,61%
1998 116.120.983 6,56%
1999 146.082.344 18,87%
2000 149.658.439 0,00%
2001 162.906.833 4,00%
2002 175.544.974 4,96%
2003 188.650.483 5,05%
2004 200.233.395 4,48%
2005 213.704.860 5,69%
2006 237.173.285 8,52%
2007 256.664.991 6,67%
2008 247,557,824 -1,85%
2009 259.047.306 6,55%
2010 265.935.506 3,13%
2011 273.842.338 2.32%
2012 249.117.707  -6.37% 
2013 233.813.136   -4.30%
2014    3,54%
Average return 4,20%

Click on Graph to Enlarge it

HOTEL EMPLOYEES PROVIDENT FUND

Announcements
With reference to the submission of applications regarding withdrawals of the Provident Fund 
7/10/2013 
In accordance with Article 29 (2) of Law 208 (Ι) / 2012:  

Benefits of the Fund shall only be paid to members and heirs-at-law of the members. 

Από ipe.com 10.04.2013 
4/11/2013 

CYPRUS – Losses at Cyprus' €300m Hotel Employees Provident Fund will be limited to around 5% this year, as its diversified portfolio and good non-bank deposit returns cushions the impact of the country's bank bailout deal, the fund said. Read article here


Announcement regarding the Fund’s portfolio 
3/29/2013 

The President of the Republic of Cyprus together with the House of Representatives have committed not to let the depositors of Provident Funds suffer losses.


At this moment, the government is drafting a bill that shall be presented before the House of Representatives for voting, in order to secure the Provident Funds.

Announcement 
3/19/2013 

The Core strategy used by Hotel Employees Provident Fund has always been characterized by Portfolio Investment diversification . In our Portfolio allocation, the category “Deposits” today amounts to 80 million, covering 28% of total Portfolio worth, which now totals approximately to 278 million.  We are expecting, with recent Eurogroup’s decision to loose 10% of “Deposits” total, but at the same time we anticipate that the interest that we will earn from the same deposits will come to diminish this loss.


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Articles
Ahead of the Curve
As Provident Funds we are called very often to make predictions over the course of the economy at both local and international level so as to protect our funds against any possible financial or other crises or to take advantage of any developments leading to the increase of our profits...
 



Returns for 2014

Deposits

2,86%

Bonds

2,51%

Equities

17,80%

Real Estate

-5,46%


Loans to members 

       2,73%

 
Infrastructure funds

      22,70%

Hedge fund

3,90%

Expenses  

0,30%

Video & TV interviews
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Applications

Withdrawal of Contributions 
 Announcement
 Withdrawal Application

The interest rate for 
members loans today is 2,50%

Historical interest rate

11/03/2015 to present is 2.50%
25/06/2013 - 10/03/2015 was 3.00%
20/11/2012 - 24/06/2013 was 4.25%
26/07/2012 - 19/11/2012 was 3,75%
01/10/2009 - 25/07/2012 was 4,00%
13/05/2009 - 30/09/2009 was 2,00%
08/04/2009 - 12/05/2009 was 2,25%

Members
 Personal Data of Members
Reports
 Annual Report 2014
 Annual Report 2013
 Annual Report 2012
 Annual Report 2011
t Annual Report 2010
t Annual Report 2009
 Annual Report 2008
 Annual Report 2007
 Articles of Association 
 146(Ι) of 2006 Vs 44 of 1981 until 2005
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