Garanti Leasing first half financing soars 68 percent to EUR 36.2 mln

Newsroom 01/10/2014 | 17:24

New financing by Garanti Leasing, which is part of Turkish Garanti Group, rose by EUR 36.2 million in the first half of this year, which was an increase of 68 percent against the same period of last year, while its net profit amounted to EUR 1.3 million.

The overall leasing market rose by 22 percent year-on-year to EUR 664 million in the first semester.

Okan Yurtsever, general manager of Garanti Leasing, said: “Garanti Leasing has registered a good evolution in terms of granted leasing volumes and revenues in the last years. We expect a continuous increase of our activity in the months to come, continuing to finance projects both for the SMEs and for the public sector. Our strategy is to have a healthy development, growing our market share in a sustainable manner, as well as diversifying our portfolio of financed assets.”

Garanti said that 64 percent of the new assets it funded were vehicles, while equipments and real estate had shares of 30 percent and 6 percent, respectively.

The firm’s market share increased to 5.4 percent, versus 4 percent in the same period of last year.

The current portfolio of Garanti Leasing consists of 49 percent vehicles, 37 percent equipment and 14 percent real estate.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF: Business Review Magazine June II 2024 Issue

The June II 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Mihaela Bitu, ING Bank Romania: Banking makes dreams come true”. To
Newsroom | 28/06/2024 | 12:25
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue