Being one of the industry’s leading service providers with its professional human resource which is set apart with its competencies, know-how and high visionary capability, coupled with the robust financial structure, İş Leasing displays a consistent and healthy performance on the back of its sustainable and profitable growth strategy.

With the pandemic impact in 2020, demand dramatically shrank across the industry in the second quarter; with the normalization steps, however, leasing demand picked up, with the added effect of the decreased credit pressure upon banks. İş Leasing significantly decoupled from the other companies in the industry with its transaction volume and kept bringing financing resources compatible with their investments to the real sector companies, with a special emphasis on the SMEs, and became the industry’s second largest company with a growth performance that outdid the projections.

In 2020, the Company focused on sustainable growth strategies and achieved performance results in line with its goals thanks to its dynamic balance sheet management:

• With a new transaction volume of USD 545 million and a market share of 16.5%, İş Leasing carried its strong position in the sector further and rose to the second place in the industry in terms of leasing receivables.
• Net leasing receivables amounted to TL 7.2 billion.
• The Company increased its shareholders’ equity by 35% to TL 1.7 billion.
• The Company posted a net profit of TL 197.6 million.

While pursuing selective growth in a bid to effectively manage the competition-driven increased pressure on profit margin in a balanced manner, İş Leasing did not compromise its strategy of ensuring broad-based transaction volume and high quality portfolio composition.

Thanks to up-to-date methodology and techniques implemented for credit risk, effective risk monitoring processes and broad-based portfolio, the Company’s non-performing leasing receivables ratio continued to remain significantly below the industry average and declined from 6.6% at year-end 2019 to 4.3% at year-end 2020 on the back of effective risk management, despite repayment revisions that covered nearly 20% of the portfolio.

Powered by its service model that is bolstered with digitalization, efficiency and innovation culture, and that constantly upgrades customer experience, İş Leasing has been one of the most preferred companies also in 2020 and increased its market share in terms of the number of customers to 12.7%.