Factoring and leasing under one roof

Leasing, factoring and finance institutions came together under the roof of Financial Institutions Association. The President of Financial Institutions Association Osman Zeki Özger said that the members represents the over 119 billion financial transaction volume and that the three sectors provide 60 billion TRY worth of short-medium term commercial, consumer and long term investment financing.

Özger said that the association consists of 33 leasing, 76 factoring and 13 finance institutions with a total of 122 financial institutions. “Sector we represent have a % 3.7 share in the Turkish financial sector. We will work our best to increase this share. We aim to diversify financial sources of our country, generalize alternative financing options provided by our members, improve understanding and cooperation between our members and other sectors, achieve standardization in the practices of our sector and organize educational services.” said Özger.

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