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Likewise in an effort to reach customers through a variety of
channels and to broaden financing opportunities, the ranks of
existing financing companies are being joined by newcomers
who focus on supplying micro-sized general-purpose consumer
loans at points-of-sale. This trend, which gained momentum in
2016, has already resulted in significant customer-acquisition
gains. Another new development is to be seen in endeavors to
set up participation financing companies. Vigorous efforts are
currently being made to develop and expand both participation
financing companies’ principles and the infrastructure needed
to support them.
We will be moreover standing by the real sector not just with
our financial resources but also with the steadily improving
quality of our human resources, our needs-specific innovative
solutions, our enhanced collaborations, and our nationally-
expanding influence.
Education is of the utmost importance
One of AFI’s medium-term goals is to increase its effectiveness
and the competencies of its human resources. In line with
that mission, considerable support was provided in 2016 to
encourage our members’ employees to take part in the training
programs conducted by the Association’s training subsidiary.
Such support and efforts to provide training to personnel will
remain high among our members’ priorities in the years ahead
as well.
So long as the macroeconomic cycle continues to move
forward effectively and productively…
So long as the macroeconomic cycle of which we are a part
continues to move forward effectively and productively, we will
also be making an enduring contribution to the wellbeing of
our Association’s members, their customers, and ultimately also
more than 80 million people who constitute our stakeholders in
the broadest sense.
We are therefore striving with all of our might to ensure
that 2017 is a much more successful year for our members
and our country’s economy than 2016 was. With the benefit
of the steadily-stronger synergies among our three sectors-
leasing, factoring, and financing-we will be able to take our
performance to even higher levels.
In closing I take this opportunity to thank the Board of
Directors and all of my colleagues at the Association of
Financial Institutions and to extend my respects to our
esteemed members.
Sincerely,
Mehmet Cantekin
Chairman of the Board of Directors
Technology-intensive
financial solutions
Our aim as the non-bank financial institutions
industry in 2017 will be to reach out to more
customers by increasing the technology-intensive
financial solutions that we can offer.
Strong
synergy
With the benefit of the steadily-stronger synergies
among our three sectors-leasing, factoring, and
financing-we will be able to take our performance to
even higher levels.
The Association of Financial Institutions
Annual Report 2016
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