Financial leasing sector increased its transaction volume by 9.3% to USD 7.6 billion in 2014, compared with the previous year. The first quarter of the year was a period with lower-than-expected results due to political uncertainty, while the sell-lease-back product became a major item with a prominent place in the transaction volume starting from the second quarter. A breakdown of the transaction volume according to the commodity groups shows that sell-lease-back properties, which gives the investors the possibility of creating funds over their existing properties and financing their new investments by using the funds thus secured, have a significant place in the overall transaction volume, while heavy and construction equipment had 20% and machinery and equipment group had 25% share.

The increase in the transaction volume in 2014 was reflected positively on profitability, and the sector’s return on equity became 9.2%. The penetration rate which shows the share in investments, of the financial leasing sector, which acted as the intermediary for USD 69 billion worth of investments in its 29-year long history in Turkey, became 6.5% in the third quarter of 2014 compared with 6.87% in 2013.

New legal regulations that were introduced on the back of the promoted to the product variety and had positive effects on the development of the sector. The performance of the sector which still has a significant potential of development is closely related with economic stability and growth. Accordingly, the business volume is expected to rise by 10% in 2015 compared with the previous year and become USD 8.4 billion.