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Garanti Leasing increases by 68 per cent financing in H1

Garanti Leasing, part of the financial-group Garanti Romania, granted new financing worth 36.2 million Euro, in the first half of the year, a 68 per cent increase compared to the same period last year.

2014-10-02 11:34:47

The growth rate of Garanti Leasing is three times faster than the market average, which in the first six months reached EUR 664 million financed assets, a 22 per cent yoy growth.

"Garanti Leasing has registered a good evolution in terms of granted leasing volumes and revenues in the last years. We expect a continuous increase of our activity in the months to come, continuing to finance projects both for the SMEs and for the public sector. Our strategy is to have a healthy development, growing our market share in a sustainable manner, as well as diversifying our portfolio of financed assets", stated Okan Yurtsever, General Manager Garanti Leasing.

"The above the market average results registered by Garanti Leasing are in line with our strategy. Our positive evolution in the first semester confirms our strong presence on the local market. We are here for the long run and we will continue to grow and serve our clients with customized financial solutions", stated Ufuk Tandogan, Chairman of the Board of Directors, Garanti Leasing.

The distribution of new assets funded by Garanti Leasing, in the first half of the year, was: vehicles (64 per cent), and here we are referring to commercial vehicles and passenger transport vehicles, equipment (30 per cent) and real estate (6 per cent).

Compared to the first six months of 2013, in the first half 2014, Garanti Leasing market share increased to 5.4 per cent, versus 4 per cent in the same period of the previous year.
Garanti Leasing portfolio currently consists of 49 per cent vehicles, 37 per cent equipment and 14 per cent real estate. At the end of this year's first semester, the company achieved a net profit of 1.34 million Euro



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