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42 A&T BANK ANNUAL REPORT 2015
SUBSIDIARY: A&T LEASING
The decoupling between countries
in terms of economic activity
continued in 2015, with the US
economy expanding more robustly
compared to other developed
countries. Meanwhile, growth
remained weak in the Eurozone.
Economic activity in Turkey lost
some momentum in first quarter
2015 due to weakening foreign
demand, but began a mild recovery
in the second quarter thanks to a
partial rebound in the Eurozone.
Total investment by Turkey’s
leasing industry increased 1.5% in
2015 over the previous year,
from TL 17.1 billion to
TL 17.3 billion. A&T Leasing’s
investment amounted to
TL 102.4 million in 2015. A
breakdown of the industry’s
financial leasing transactions by
asset class shows that real estate
investments accounted for the
largest share with 28.4%, followed
by construction machinery
(21.4%) and other machinery and
equipment (16.7%). The total
number of transactions of industry
as a whole increased 13.9% to
23,125 in 2015, up from 20,302 in
2014.
The Company strives to maintain a
diversified client portfolio without
concentrating in any one industry
or customer group. A&T Leasing
supported steady investments while
creating a balanced portfolio by
asset class in order to minimize
risk. The Company plans to target
quality and profitability with a
risk-sensitive and selective portfolio
approach in 2016. In addition, A&T
Leasing finances projects of any
scale under its flexible and dynamic
business model. The Company
continues to operate with a
customer-oriented service approach
despite the adverse competitive
conditions industry-wide stemming
from shrinking profit margins.
Quality and selectiveness will
continue to be the company’s
portfolio composition priority this
year, as A&T Leasing adds new
clients to its service portfolio and
further expands its target audience.
The Company will re-establish
contact with clients that it had a
profitable relationship in the past,
which will bolster its business
volume.
With regard to qualified vendors
and suppliers as solution partners,
A&T Leasing will continue to
provide financing to investors,
who aim to take a leap forward,
for their medium and long-term
investment projects and to provide
financial resources for customers
via international as well as local
banks. With a flexible structure
and solution-focused high quality
services, A&T Leasing will continue
to be a strong business partner
for customers, in line with its
long-termed, sustainable growth
objectives.
In 2016, A&T Leasing aims to
increase customer satisfaction;
deliver fast, high-quality value-
added services; and acquire new
customers. Another Company goal
is to identify the investment needs
of small and medium-size businesses
quickly by closely monitoring
the market via specialized sales
channels. The selective customer
portfolio that A&T Leasing will
continue to build will help the
Company maintain a high-quality,
proactive and profitable balance
sheet.
CUSTOMER-ORIENTED
SERVICE APPROACH