İş Leasing retained its number two ranking in the sector in terms of leasing receivables by preserving its robust position on the back of new transaction volume worth USD 611 million that translated into a 15.3% market share in new business.

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. During 2021, while the sector’s revival was sustained by the economic recovery that followed the normalization steps, demand for the leasing sector grew.

İş Leasing continued to offer to the real sector companies, particularly SMEs, financing sources that are compatible with their investments with the transaction volume it has realized also in 2021 despite all the negative impacts of the pandemic, and retained its title as the second biggest company in the sector owing to its superior performance. The Company focused on sustainable growth strategies and achieved performance results aligned with its targets thanks to its dynamic balance sheet management in the reporting period. The year’s highlights for the Company are as follows:

• With a new transaction volume of USD 611 million and a market share of 15.3% in new business, İş Leasing preserved its strong position in the sector and remained in the second place in the industry in terms of leasing receivables.
• Net leasing receivables amounted to TL 11.4 billion.
• The Company increased its shareholders’ equity by 25% to TL 2.1 billion.
• The Company posted a consolidated net profit of TL 310 million for an RoE of 16.1%.

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 the 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 stood at 4.9% at year-end 2021.

Powered by its service model with a continually enhancing structure bolstered with its sustainable, technology-driven and customer-focused culture, İş Leasing has been one of the most preferred leasing companies in 2021 and increased its market share in terms of the number of customers to 13.2%.