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Message from the Financial Leasing
Sector Representatives Board
The leasing sector continues to grow and develop.
At the service of customers with 26 leasing companies and
more than 1,500 employees, Turkey’s financial leasing industry
increased its total assets by 19.3% to TL 48.5 billion in the
twelve months to end-2016. During the same period, total
leasing receivables also grew by about 20% and reached TL 44
billion in value.
The value of new business to which finance is provided last year
was TL 18.6 billion. Looking at a breakdown of leased assets
by transaction value, we see that 25% of the total consisted
of business and construction machinery, 24% of real estate
properties, 7% of textile machinery, and 7% of metalworking
machinery.
Turkey’s leasing sector supplied TL 14 billion worth of financing
for the TL 284 billion in machinery and equipment investments
undertaken by the country’s private sector in 2016. With total
assets corresponding to 1.7% of those of the country’s bank
and non-bank financial institutions, our sector serves nearly 60
thousand customers.
Thanks to the beneficial impact of infrastructure and renewable
energy projects and of equipment purchases by firms involved
in them, the financial leasing sector achieved a 5% rate of
market penetration in 2016.
However when we consider that this rate is on the order of
25% in the United States and of 20% in the European Union,
it is an undeniable fact that our country still has a long way
to go. That said, the positive development to which we are
witnessing are both encouraging and exciting.
Turkey’s financial leasing industry has become operational in
1985. In the years since then, it has financed investments worth
a total of about USD 85 billion.
Supporting private-sector investment
Turkey’s financial leasing companies supplied TL 14 billion worth of financing for the TL 284 billion in
machinery and equipment investments undertaken by the country’s private sector in 2016.
Ünal Gökmen
Deputy Chairman
(on behalf of Financial Leasing Sector Representatives Board)
Annual Report 2016
The Association of Financial Institutions
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