The Profit of Financial Leasing Companies Goes up by 5,1 %

Not many companies in Turkey are acquainted with Financial Leasing to expand their assets, in contrary to the common business practice in the western world.

In spite of this fact as well as the effects of the global crisis the world has gone through Turkish financial leasing sector has been doing well recently as confirmed by financial reports.

In fact, The 1st quarter profit of leasing companies as compared to the same term last year has gone up to 137,5 million TL with an increase of 5,1%. On the other hand the profit of factoring companies for the same period has reached 102,5 million TL with and increase of 4%.

In the period for January-March consumer finance companies have increased their profit to 28,3 million TL.

The asset wealth of the sector is reported to be over 15 billion TL

These moderate figures compared to the enormous potential  size of the Turkish economy have one straight message for global entrepreneurs;

There is a huge market in Turkey which will take some time and effort to grow but will be like wise rewarding for those who would take the bothering.

BUSINESS TURKEY TODAY
Economy Press