Private pension funds in Turkey rise to $6.6 bln as of May

Private pension funds in Turkey totaled 9.906 billion Turkish liras as of May 7, the country's private pension funds watchdog said.

Private pension funds in Turkey rise to $6.6 bln as of May

Private pension funds in Turkey totaled 9.906 billion Turkish liras (nearly $6.6 billion) as of May 7, the country's private pension funds watchdog said on Friday.

The total number of participants in the system increased to nearly 2,104,350 with 2,300 of them were eligible for retirement.

Private pension funds were 9.962 billion Turkish liras (nearly $6.6 billion) as of April 30 and the number of participants was 2,100,274.

Private pension funds were 9.86 billion Turkish liras (nearly $6.6 billion) as of April 16 and the number of participants was 2,084,000.

Private pension system was introduced in Turkey in October 2001 and it has seen a quick rise in the number of contributors and the size of total assets.

The total assets were 299.9 millon TL in 2004 and they were over $2 billion in 2007.

Below is an updated list of private pension companies in Turkey with number of participants and total funds (TL):
    
     COMPANY NUMBER OF PARTICIPANTS FUNDS (TL)
     Aegon Emeklilik ve Hayat 56,774 89,788,686
     Allianz Hayat ve Emeklilik 58,063 456,913,218
     Anadolu Hayat Emeklilik 463,068 2,138,005,801
     Avivasa Emeklilik ve Hayat 317,996 2,148,823,172
     Deniz Emeklilik ve Hayat 15,650 21,638,541
     Ergo Emeklilik ve Hayat 11,932 27,165,549
     Finans Emeklilik ve Hayat 27,435 26,797,366
     Fortis Emeklilik ve Hayat 74,958 340,081,169
     Garanti Emeklilik ve Hayat 425,946 1,449,721,505
     Groupama Emeklilik 84,663 558,248,052
     Ing Emeklilik 161,548 548,880,696
     Vakif Emeklilik 132,897 579,406,357
     Yapi Kredi Emeklilik 273,420 1,520,820,142
     Total 2,104,350 9,906,290,252
    

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Last Mod: 15 Mayıs 2010, 09:56
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