A Look at the Sector

By the end of 2013, total assets of the 76 operating factoring companies reached TL21.8 billion and the volume of factoring receivables reached TL20.1 billion with shareholder’s equity around TL4.0 billion.

Factoring companies provided 18.4% of their funding with their shareholder’s equity and 70.9% from bank loans. Bond issues saw an increase in 2013 with the balance increased to TL1.5 billion by the year’s end.