Page 31 - Turkinsurance Digital Magazine

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According to the statistics by the Pension Monitoring Center
(E.G.M) dated 25.09.2020, total number of participants in
BES (Private Pension System) grew by 0.97% and reached
6 million 867 thousand people. During this quarter, number of
participants that joined the system via OKS (auto-enrollment)
increased by 11.28% over the same period of previous year,
reaching 6 million 429 thousand people.

Total fund size accumulated from BES participants stood at
16 billion 396 million USD at the end of 2020Q3, while the
fund size accumulated from OKS participants stood at 1 bil-
lion 335 million USD. (Fund size growth was reported as 37%
in TL based results, but -0.9% in USD based results due to
the exchange rate difference on year-on-year basis. USD/TL
rate stood at 7.7778 on 30.09.2020, but was 5.6623 as of
30.09.2019)

At the end of September 2020, total amount of contributions
in BES reached 10 billion 31 million USD, with 8 million 215
thousand pension contracts. Total invested amount was 9 bil-
lion 838 million USD.

“Türkiye Hayat ve Emeklilik was the leader of this quarter
with 1 million 906 thosuand participants”

At the end of the third quarter, Türkiye Hayat ve Emeklilik
ascended to the leadership position in terms of number of BES
participants. The company acquired 27.76% of all participants
in BES with 1 million 906 thousand people. Garanti Emekli-
lik ve Hayat followed as second with 1 million 100 thousand
participants and a share of 16%. Anadolu Hayat ve Emeklilik
ranked third with a share of 15.82% and 1 million 93 thousand
participants.

Number of BES Number of Number of Number of OKS Fund size in BES Fund size in Amount of con- Amount of con-
participants auto-enroll- BES pension pension certifi- (USD) OKS (USD) tributions in BES tributions in OKS
ment (OKS) certificates cates (USD) (USD)
participants
2017 Q2 6,811,854 2,515,627 8,002,344 2,537,218 17,211,959,226 170,082,539 13,614,496,599 169,735,830
2017 Q3 6,842,125 3,276,116 8,044,638 3,342,209 17,813,330,203 337,644,739 14,070,473,945 330,852,738
2017 Q4 6,922,615 3,417,003 8,166,075 3,497,574 17,884,795,945 473,817,633 13,883,459,625 455,273,574
2018 Q1 6,948,200 3,849,932 8,204,183 3,967,234 17,714,604,443 609,103,768 13,715,181,253 579,764,072
2018 Q2 6,984,044 4,112,680 8,264,862 4,267,610 11,847,117,555 511,474,280 9,379,092,731 485,723,516
2018 Q3 6,946,230 4,959,053 8,225,959 5,147,535 12,779,413,568 637,849,731 9,610,424,757 599,022,018
2018 Q4 6,875,886 4,990,786 8,155,521 5,190,546 14,504,725,683 871,210,710 11,043,366,828 785,595,347
2019 Q1 6,813,935 5,265,435 8,090,372 5,475,095 14,186,227,899 974,857,772 10,562,511,840 796,070,657
2019 Q2 6,806,192 5,460,747 8,091,432 5,725,009 14,902,722,627 1,094,562,477 10,618,014,793 885,781,733
2019 Q3 6,799,327 5,739,026 8,090,479 6,078,032 16,377,288,213 1,281,705,994 11,235,816,039 1,014,249,987
2019 Q4 6,859,207 6,018,363 8,181,116 6,403,252 16,855,027,427 1,374,707,630 11,305,998,563 1,070,457,192
2020 Q1 6,908,823 6,158,666 8,264,605 6,600,403 15,496,056,503 1,322,828,268 10,818,318,795 1,100,861,262
2020 Q2 6,836,552 6,234,180 8,172,247 6,722,155 17,240,752,014 1,435,457,167 10,826,752,297 1,139,750,624
2020 Q3 6,867,888 6,429,511 8,215,815 7,103,201 16,396,413,839 1,335,255,065 10,031,561,063 1,071,943,068