2024 Activities A&T Finansal Kiralama A.Ş. Annual Report 2024 32 33 FINANCIAL LEASING SECTOR AND DEVELOPMENTS IN 2024 Construction and construction machinery sector had the highest share of 27% in the total transaction volume, followed by Road vehicles service with a share of 8%. 335 Asset Size of the Leasing Sector in Türkiye 19 Number of Leasing Companies When the size of the leasing sector in Türkiye is analyzed as of 31.12.2024, there are 19 companies, an asset size of approximately TL 335 billion and TL 294 billion of Financial Leasing Receivables. The US economy continued to set trends in 2024 as the center of global macroeconomic balances. Geopolitical tensions, conflicts and wars continue to pose risks in 2025, while the regional economy continues to slow down. The Russia-Ukraine war, Israel’s occupation of the Gaza Strip and a possible China-Taiwan conflict will remain on the agenda. Although external demand from the Eurozone is weakening, monetary policy easing and interest rate cuts have started as of the end of 2023. As of the last quarter of 2024, 2025 is expected to be a better year as a result of the start of interest rate cuts and the increase in long-term financing options in Turkish lira resources. According to the IMF’s growth forecasts, the Turkish economy is expected to grow by 3.2% in 2025. Positive developments such as the increase in exports, the development of the defense industry and increased access to and diversification of energy resources will be the determining factors in Türkiye’s growth in 2025. In addition, exchange rate developments and the course of interest and inflation will be carefully monitored. In 2024, leasing companies focused on liquidity and funding due to high volatility. In 2025, when funding is not as easy as in previous years, themonetary policy decisions of central banks will have an impact on the course of the economy. Therewill be a transition from tight monetary policy to loosemonetary policy. The strong monetary tightening moves of the US Federal Reserve (FED) and the European Central Bank (ECB) will be replaced by a gradual expansion. 2025 will be the first year to be experienced with new practices and decisions of new governments with the elections behind us. Especially with the acceleration of the decline in inflation, investments will be mobilized. Artificial intelligence and biotechnology will be the leading sectors thatwill attract investment. Energy, transport, logistics, health, food, iron and steel, automotive, creative and innovative sectorswill continue to stand out. There will be growth opportunities for green energy, sustainable agriculture and environmentally friendly technologies. The trend in 2023 in the financial leasing sector continued in 2024, and the growth of the service sector is again ahead of the manufacturing sector. The reason for this is the high level of destruction as a result of earthquakes and environmental disasters, which brought the construction and construction machinery sector to the forefront. Construction and constructionmachinery sector had the highest share of 27 per cent in the total transaction volume, followed by Motor vehicles service with a share of 8 per cent. In addition, due to the earthquake effect, there was a serious mobility on the construction and construction machinery side. Due to both urban transformation and the construction in the earthquake zone, the movement here can be expected to continue. Renewable energy is expected to be very active in 2025 and in the near future. Liquidity management and asset quality will continue to be two important issues that the leasing sector focuses on in 2025. Leasing will continue to be a preferred financing instrument in economic development in 2025 due to its flexible structure and practical applications, providing long-term financing opportunities, being readily accessible to SMEs and not putting pressure on the cash flows of companies. 2024 2023 Change % Total Assets 334,500,000 271,861,000 23% Financial Lease Rec. 293,541,000 239,353,000 23% S.H. Equity 61,858,000 41,068,000 51% Net Profit 17,180,000 14,491,000 19% NPL (Gross) 7,348,000 7,659,000 -4% Overview to the Leasing Sector (TL thousand) Number of Companies 19 Number of Employees 1,284 Number of Customers 47,246 Number of Branches 112 LEASING SECTOR 23% 23% 51% 19% -4% TL Billion TOTAL ASSETS FIN. LEA. REC. S.H. EQUITY NET PROFIT NPL (Gross)
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