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Financial Leasing
(TL million)
2016 2015 % Change
Transaction Volume
18,620 17,312
7.60%
Total Assets
48,500 40,656 19.30%
Receivables
44,022 36,718 19.90%
NPL
2,939
2,355 24.80%
Special Provisions (-)
1,818
1,488 22.20%
Shareholders’ Equity
7,800
6,930 12.60%
Borrowings
31,244 27,237 14.70%
Net Profit
922
809 14.00%
(units)
Number of Companies
26
28 -7.10%
Number of Branches
141
143 -1.40%
Number of Employees
1,519
1,504
1.00%
Number of Customers
58,373 56,396
3.50%
Return on Equity
12.50% 12.40% 0.1 pps
Return on Assets
2.10% 2.20% -0.1 pps
NPL Ratio
6.30% 6.00% 0.2 pps
Factoring
(TL million)
2016 2015 % Change
Transaction Volume
122,761 119,652
2.60%
Total Assets
33,090 26,685 24.00%
Receivables
31,027 24,984 24.20%
NPL
1,521
1,467
3.70%
Special Provisions (-)
1,299
1,196
8.60%
Shareholders’ Equity
5,085
4,587 10.90%
Borrowings
23,502 18,011 30.50%
Net Profit
665
387 71.80%
(units)
Number of Companies
62
66 -6.10%
Number of Branches
360
379 -5.00%
Number of Employees
4,716
4,804 -1.80%
Number of Customers
98,908 95,416
3.70%
Return on Equity
13.70% 8.60% 5.2 pps
Return on Assets
2.20% 1.50% 0.8 pps
NPL Ratio
4.70% 5.50% -0.9 pps
Financial Indicators
TL 18,620 million
As of year-end 2016, total business volume of
financial leasing companies grew by 7.6% year-over-
year to TL 18,620 million. While heavy-duty and
construction machinery got the biggest share out of
total financial leasing receivables with 25.1%, real
estate accounted for 24.2%. The sector is projected
to grow by 15% in 2017.
TL 122,761 million
Total business volume of factoring companies was
up by 2.6% to TL 122,761 million in the twelve
months to end-2016. Domestic and international
factoring transactions made up 82.5% and 17.5% of
the total business volume, respectively. The sector’s
anticipated growth is 10% for 2017.
Annual Report 2016
The Association of Financial Institutions
18