Page 31 - Turkinsurance Digital Magazine

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According to the statistics announced by Pension Monitoring Center (E.G.M.)
as of 25.12.2020, total number of participants in IPS increased by 27 thou-
sand 500 people over the same period of previous year, reaching 6 million
898 people at the end of 2020. On the other hand, number of participants in
AES grew by 10.53% compared to the same period of previous year, reach-
ing 6 million 635 thousand people.

At the end of the year, total fund size in IPS grew by 5.66 percent over the
same period of 2019, and reached 18 billion 91 million USD. Total fund size
in AES reached 1 billion 476 million USD, up by 7.16 percent on year-on-
year basis.

(According to the TL-based results of the same term, growth was reported as
34.3 percent for IPS fund size, and 36.24% for AES fund size. This was due
to the exchange rate difference between 2020 and 2019.)

(USD/TL on 25.12.2020=7.5653; USD/TL on 31.12.2019= 5.9507)

At the end of the year, contributions paid by IPS participants reached 10
billion 817 million with the number of contracts standing at 8 million 271
thousand. On the other hand, total invested amount in IPS reached 10 billion
609 million USD.

Number of IPS Number of Number of Number of AES Fund size in IPS Fund size in Amount of con- Amount of con-
participants AES partici- IPS pension pension certifi- (USD) AES (USD) tributions in IPS tributions in AES
pants certificates cates (USD) (USD)
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
2020 Q4 6,898,631 6,635,344 8,270,799 7,359,975 18,091,037,360 1,475,734,306 10,817,346,556 1,171,034,934