Organizations that offer non-bank financing alternatives to companies and individuals have been growing steadily in recent years. Total assets of financial leasing, factoring and financing companies increased by 26% in 2020 and reached 154.3 billion TL.
The annual average growth of the sector in the last 5 years is at the level of 12.6%. In asset size, financial leasing ranked first with TL 70.3 billion, followed by factoring companies with TL 48 billion and financing companies with TL 36 billion. A total of 92 companies operate in the sector, 55 of which are factoring companies, 22 are financial leasing companies and 15 are financing companies.