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Definition of Factoring
Tracks funds collection undertaken by us with respect to your rates receivable and since Management is arranged by us,

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About Us

Brief History and Shareholder Structure:

Lider Faktoring was formed in 1992 and was purchased by the current majority shareholders in 2002. In 2008, CreditSuisse Investments (Netherlands) B.V. became a 9.90% shareholder of the Company making Lider the only factoring company in its sector being independent, yet having a multinational banking group as a shareholder.

Operations:

Lider only provides financing of domestic receivables for its over 12,500 clients operating in various manufacturing industries in over 47 cities throughout Turkey through its headquarters in Istanbul as well as 14 liaison offices and 125 employees.

Leading Position:

Lider was the first non-bank owned factoring company with over TL 1 billion transaction volume. Lider ranked first among all non-bank owned factoring companies and sixth among all bank and non-bank owned factoring companies on the basis of total factoring turnover in 2009. The record transaction volume of over TL 1 billion in 2009 was through over 25,000 factoring transactions for clients in various manufacturing industries with over 100,000 receivables. Lider targets to keep its leading position through achievement of targets in 2010 with an understanding of its success coming with stability, continuity and improvement. Lider's balance sheet presents a simple structure of 95% of total assets (TL 307 millions as at 2009 year-end) being factoring receivables (TL 293 millions as at 2009 year-end). Lider's paid in capital is TL 30 million and total equity size was TL 52 millions at 2009 year-end. As a result of its diversified business model, asset quality is one of Lider's apparent strengths with total amount of provisions of TL 10.6 millions corresponding to 0.3% of total business volume of TL 3.2 billion since its acquisition in 2002.

Rating and Corporate Governance:

Fitch Ratings affirmed Lider's national long-term rating at BBB+ (TUR) with a stable outlook and assigned BBB(+) rating for its senior unsecured floating rate notes in June 2010. Lider's original corporate governance rating of 6.97/10.00 was upgraded to 7.26/10.00 in May 2009 with the rating methodology developed for private leasing and factoring companies in accordance with the legislation of the Capital Markets Board of Turkey. Main reason for this upgrade was reported as Lider's enthusiasm and actions for continuously enhancing its corporate governance practices since the initial rating. Lider is proud to be a leading company in the Turkish factoring industry with its asset size, strong fundamentals, and unique business model and asset quality.

Fast and efficient solutions
Faster and more efficient solution are brought to your problems by Lider Faktoring thanks to its system totally freed from useless Red-Tape.