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Finans Lease AS

Sector: Government • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Completed

Established in 1990, Finans Leasing (FL or the company) is the fourth largest leasing company in Turkey in terms of total volume of investments financed as well as the total number of contracts handled in the first three quarters of 2005, is listed on the Istanbul Stock Exchange (ISE). 51.04% of the company is owned by Finansbank, 8.21% owned by FinansInvest, and 40.75% by the public. FL is headqu

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The project “Finans Lease AS” is an infrastructure initiative in the Government sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Original status

completed

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Description

Description

Established in 1990, Finans Leasing (FL or the company) is the fourth largest leasing company in Turkey in terms of total volume of investments financed as well as the total number of contracts handled in the first three quarters of 2005, is listed on the Istanbul Stock Exchange (ISE). 51.04% of the company is owned by Finansbank, 8.21% owned by FinansInvest, and 40.75% by the public. FL is headquartered in Istanbul with a market share of 6.23%. As of September 2005 on a consolidated basis, FL had total assets of $313 million equivalent, equity of $120 million equivalent. Net leasing receivables of $188.6 million, and net income of $27.8 million. Leasing volumes in 3Q/05 was $181 million. FL intends to utilize the facility mainly to finance small and medium sized enterprises (SMEs). The main objective of the project is to provide critically lacking long term lending to Turkey’s private SME sector.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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