Ayhan Sincek, General Manager of Katılım Emeklilik ve Hayat, announced that the company’s paid-up capital had been increased from 72 million TL to 1 billion TL.
Sincek stated that the entire capital increase was funded from profit shares, in other words, entirely from internal sources. He noted that this increase is an indication of the company’s increasingly robust financial structure, as well as the sustainable trust and financial soundness offered to participants.
Emphasising that the Individual Pension System (BES) has become one of Turkey’s most reliable savings mechanisms over the past 22 years, Sincek noted that they had raised the capital to this level with the aim of transforming participants’ savings into stronger financial structures through professional fund management.
Ayhan Sincek stated that the capital increase has strengthened the company’s leadership in the interest-free pension sector and elevated its position within the general insurance sector to the top ranks.
Sincek stated that the capital increase also reflects the determination to support participants’ future plans with a robust financial structure, adding that he believes the BES ecosystem continues to develop year on year and will remain a significant safeguard for both participants and the national economy.
