Message From The CEO

Burak Ali Göçer

The Private Pension System contributes to individuals and social development and is growing more and more every day. Through its contribution to the economy, the system also plays a great role in the shaping of our country's future. The Private Pension System supports the development of the national economy and symbolizes a safer future for people. In its 15th year, the system currently has 7 million participants, who has saved 80 billion TL, of which 10 billion TL is the government contribution.

In terms of the definition of the term 'safer future' in our country, we conclude that all of us have similar future expectations. First of all, being healthy and living a retirement period, during which we will not experience any financial difficulties, are our common purpose. One of the steps taken in line with this common purpose is Auto Enrolment System. With the Auto Enrolment System that was initiated on January 1st, 2017, a new period has begun for participants, employers and pension companies. This new regulation enables private and public sector employees to be automatically enrolled into the private pension system. 4 million employees under the age of 45 in firms with 50 or more employees were included in the system in 1.5 years. And it is even more gratifying that 3 million of these participants have not had any private pension contracts before, and that they have started to save for their retirement with Auto Enrolment. With the enrolment of companies with 10-49 employees in July 2018 and companies with 5-9 employees in January 2019, the Auto Enrolment process will be completed.

As of the end of June 2018, we are the most preferred company in the sector. 1.6 million people have entrusted their future plans to us. We are offering our participants innovative services to be by their sides during their retirement journeys, to enrich their social lives and we work hard to get better each day.

In our other business line, life insurance, we offer life and unemployment insurance products that protect our customers and their loved ones from the unexpected surprises that life brings. As the pioneer of the bancassurance in Turkey, we continue to be the guarantee of our customers and their loved ones especially against credit risk. In addition, while we provide Education Insurance and Healthy Women Insurance, we reimburse paid premiums at the end of the policy period with our new product Return of Premium Life Insurance.

Together we are a family of 3 million people. As we are aware of this responsibility, we promise that we will continue to work with the excitement of the first day and constantly renewing ourselves.

Yours faithfully,

Burak Ali Göçer

CEO

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