Established in 1961, OYAK is the largest complementary occupational pension fund in Turkey. OYAK Group operates in a wide range of industries, including mining metallurgy, cement concrete paper, automotive logistics, finance, services, chemistry, agriculture and animal husbandry and energy. OYAK spans 7 regions in Turkey, 6 continents around the world and has operations in 23 countries across the world.
OYAK conducts all its business activities in accordance with Law No. 205 as a second-tier complementary occupational pension fund. OYAK is a social security institution which is subject to the provisions of private law, autonomous in terms of financial and administrative aspects. OYAK manages all savings of its members with the principles of profitability and efficiency.
We undertake valuable investments with over 32 thousand employees to ensure that our 418,455 members have a more secure future and achieve a higher quality of life. While working to increase our returns and striving for higher added value each year, we also grow as an institution and make valuable contributions to Turkey’s economy thanks to our service model.
According to the 2019 consolidated financial statements, OYAK Group’s total revenues soared to TRY 48.8 billion while its total assets climbed to TRY 118.3 billion. With total exports amounting to USD 4.9 billion, OYAK Group had 2.7% share of Turkey’s total exports in 2019. We are proud of the contributions our operational results make to our country’s economy – in production, sales, employment, exports and tax payments. We feel honored that we are able to live up to the trust of our members and investors.