BES Statement from the Turkish Insurance Association

The investigation continues in the process that started with the Capital Markets Board's (CMB) decision to liquidate 131 investment funds belonging to 7 companies. While many people were detained and some suspects were arrested within the scope of the investigation, there was also fluctuation in the markets.

BES STATEMENT FROM THE TURKISH INSURANCE ASSOCIATION

While the effects of the investigation on the markets were being discussed, a statement was made by the Turkish Insurance Association (TSB) regarding the Private Pension System (BES).

TSB stated that there is no systemic problem or liquidity problem in BES and that the fluctuations in the markets are closely monitored.

In the statement made by the association, it was stated that "There is no systemic problem or liquidity problem in BES, and the effect of market fluctuations is closely monitored."