9 / 104
The Contract Registration System has become operational.
Since 9 February 2015, when Turkey’s new Contract Registration
System became operational, all financial leasing agreements
must be recorded in a registry maintained by AFI.
Registration involves entering an electronic format agreement
whose electronic signature ensures that it cannot subsequently
be fraudulently altered. The agreement is then entered into
the Contract Registration System of AFI from any computer
terminal belonging to the lessor.
Designed and built by the Central Registry Agency for AFI, the
Contract Registration System is also operated by that agency.
There has been substantial growth in transactions
involving commercial real estate properties.
In late 2012, Law numbered 6361 introduced a new financial
leasing product known as “sale-and-leaseback”. With the
introduction of various tax exemptions on leaseback deals
in August 2013, there was a significant rise in the use of
this method to finance purchases, especially of real estate
properties. In the leaseback method of financing, leasing
companies purchase properties (which may or may not be real
estate) from a seller and then lease them back to the same
seller under a leasing agreement.
We regard our membership of Leaseurope as a valuable
platform.
Since September 2015 we have been a full member of
Leaseurope, an umbrella body whose membership consists of 45
leasing industry unions or associations in 33 countries. Besides
representing the Turkish leasing industry on this European
platform, AFI also benefits from the knowledge, experience, and
statistics that its membership gives access to.
Looking to the future with confidence, we create
multidimensional value for our country.
With our sense of responsibility towards our country, we
allocate resources for social responsibility projects. In order
to protect our country’s natural environment and to help
ensure that a clean, green, and livable world will be passed
on to future generations for example, we have decided to
donate towards the planting of one sapling for every financial
leasing agreement that we register as AFI. As a first step in
this direction we signed a protocol with the forests ministry to
have 23,125 saplings planted for the 23,125 contracts which
AFI registered in 2015. This protocol marked the beginning of
the AFI Financial Leasing Memorial Forest Project, which we
will continue to conduct in the same way in the years ahead as
well.
In 2017 and the years that follow the Turkish financial
leasing industry will continue to mobilize its high-quality
human capital and its knowledge and experience in order to
make an increasingly greater contribution to the sustainable
development of the Turkish economy and to improve the
wellbeing of our country’s people.
Sincerely,
Ünal Gökmen
Deputy Chairman
(on behalf of Financial Leasing Sector Representatives Board)
TL 18.6 billion
the value of new business
The value of new business to which finance is
provided last year was TL 18.6 billion.
Recognizing
our social responsibilities
We inaugurated the AFI Financial Leasing Memorial
Forest Project with the planting of 23,125 saplings.
The Association of Financial Institutions
Annual Report 2016
7