220 enterprises operated at financial service activities, 60 enterprises operated at insurance, reinsurance and pension funding and 18 thousand 497 enterprises operated at activities auxiliary to financial services and insurance activities.

Value added at factor cost was 312 billion 599 million TL and production value was 522 billion 892 million TL

87.3% of total value added was of financial service activities, 8.6% of total value added was of insurance, reinsurance and pension funding and 4.1% of total value added was of activities auxiliary to financial services and insurance activities. 83.3% of total production value was of financial service activities, 11.7% of total production value was of insurance, reinsurance and pension funding and 5.0% of total production value was of activities auxiliary to financial services and insurance activities.

Total value added at factor cost and production value increased by 20.7% and 38.5% respectively, compared to the last year

Value added at factor cost increased by 20.7% in financial services activities by 12.0% in insurance, reinsurance and pension funds activities, and by 47.6% in auxiliary services for financial services and insurance activities compared to the previous year. Production value increased by 39.6% in financial services activities, by 17.5% in insurance, reinsurance and pension funds activities, and by 93.6% in auxiliary services for financial services and insurance activities compared to the previous year.

The highest employment was at financial service activities

Number of persons employed at financial intermediary institutions, which was 311 thousand 624 in 2019, was 312 thousand 221 in 2020. 71.2% of total number of persons employed was of financial service activities, 6.3% of total number of persons employed was of insurance, reinsurance and pension funding and 25.5% of total number of persons employed was of activities auxiliary to financial services and insurance activities.

Personnel cost was 49 billion 353 million TL

81.9% of personnel cost was of financial service activities, 7.6% of personnel cost was of insurance, reinsurance and pension funding and 10.5% of personnel cost was of activities auxiliary to financial services and insurance activities. 84.9% of personnel cost of financial intermediary institutions consisted of wages and salaries while 15.1% of personnel cost consisted of contributions to social security.   

The ratio of female employees in financial intermediary institutions was 47.4%

Number of female employees at financial intermediary institutions was 141 thousand 636, while number of male employees was 157 thousand 092. Thus, female employment rate was 47.4%, and male employment rate was 52.6%.

Total purchase value of fixed capital investment was 13 billion 142 million TL in financial intermediary institutions

The highest share in total purchase value of fixed capital investment in financial intermediary institutions was in financial services activities with 81.5%. While this share was 10.6% in insurance, reinsurance and pension funds, it was 7.9% in activities auxiliary to financial services and insurance activities. (ILKHA)