The value of the assets of the Occupational Insurance Funds (TEA) and Occupational Pension Institutions (IESP) decreased in the first quarter of the year to 1.8 billion euros compared to 1.88 billion euros at the end of 2021.
According to the data of the Bank of Greece, the total deposits of the Funds increased to 357 million euros at the end of the first quarter of 2022, compared to 310 million euros in the previous quarter and 228 million euros in the first quarter of 2021. The share of deposits on total assets increased to 19.9% compared to 16.4% in the previous quarter and 13.4% in the first quarter of 2021.
The value of the Funds placements in debt securities decreased to 645 million euros at the end of the first quarter of 2022, compared to 721 million euros in the previous quarter and 726 million euros in the first quarter of 2021 and their share in the total decreased to 35.9%, compared to 38.2% in the previous quarter and 42.7% in the first quarter of 2021.
The value of investments in shares of investment institutions decreased to 472 million euros from 486 million euros in the previous quarter and 407 million euros in the first quarter of 2021 and their share in the total increased to 26.2% from 25.8 % in the previous quarter and 23.9% in the first quarter of 2021.
The value of the Funds’ holdings in shares and other assets decreased to 281 million euros from 304 million euros in the previous quarter and 292 million euros in the first quarter of 2021 and their share in total decreased to 15.6% from 16.1% in the previous quarter and 17.2% in the first quarter of 2021.
Source: AMPE
Source: Capital
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