BoG: 1.77 billion the total value of the assets of the Occupational Insurance Funds

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THE total value of the assets of the Occupational Insurance Funds (TEA) and Occupational Pension Benefit Institutions (TEA-IESP) amounted to EUR 1,777 million at the end of the third quarter of 2021, compared to 1,752 million euros in the previous quarter and 1,591 million euros in the third quarter of 2020, according to Bank of Greeceς.

More specifically, the total deposits of the Funds increased to 278 million euros at the end of the third quarter of 2021, compared to 236 million euros in the previous quarter and 242 million euros in the third quarter of 2020. The share of deposits in total assets was 15.6% compared to 13.5% in the previous quarter and 15.2% in the third quarter of 2020.

The value of the Funds placements in debt securities decreased to 716 million euros at the end of the third quarter of 2021, compared to 730 million euros in the previous quarter and 737 million euros in the third quarter of 2020 and their share in the total decreased to 40.3%, compared to 41.6% in the previous quarter and 46.3% in the third quarter of 2020.

The value of investments in investment firms increased to 453 million euros from 435 million euros in the previous quarter and 354 million euros in the third quarter of 2020 and their share in total increased to 25.5% from 24.8 % in the previous quarter and 22.3% in the third quarter of 2020.

The value of the Funds’ holdings in shares and other equity instruments decreased to € 285 million from € 302 million in the previous quarter and € 214 million in the third quarter of 2020 and their share in total decreased to 16% from 17 , 2% in the previous quarter and 13.5% in the third quarter of 2020.

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