2014 Annual Report
Information about Consolidated Affiliation

TF VARLIK KİRALAMA A.Ş.

TF Varlık Kiralama A.Ş. was established as a Türkiye Finans’ affiliation in February 2013 to intermediate the Bank in finding funds by issuing domestic and international lease certificates. The Company aims to carry out the Bank’s domestic and international capital market issuances.

The Company is the largest asset leasing company in terms of asset size. In 2014, the Company issued 7 lease certificates, 5 of which were domestic and 2 were international. Domestic issuances amounted to TL 330.5 million in 2014, while international issuances amounted to USD 500 million and MYR 800 million.

2014 was a successful year for the Company with its lease certificate issuances and the strong demand that these issuances attracted.

 

TFKB VARLIK KİRALAMA A.Ş.

TFKB Varlık Kiralama A.Ş was founded on 8 July 2014 as an affiliation with Türkiye Finans following the approval of the Banking Regulation and Supervision Authority and the Capital Market Board, and the company was registered to the trade registry. TFKB Varlık Kiralama A.Ş. was established in order to issue lease certificates of non-bank resource institutions in the private sector.

In 2014 the Company issued TL 71 million of lease certificates which were issued by the real sector to be sold to domestic corporate investors, and in which Türkiye Finans was a user of funds.

The Company targets to rapidly grow in line with the growth in sector.