On the one hand, the reduction of VAT from 18 to 1, on the one hand, bridges the bridge, highway and subway constructions to the leasing sector. The sector, which has been shrinking since 2007, is expected to catch 20 billion dollar transaction volume with 6 growth this year.
Bridge-highway privatizations and subway constructions served the leasing industry. Last year, in some business groups, especially in the financing of construction machinery leasing, the reduction of VAT from 18 to 1 has made the financing model attractive by companies. Garanti Leasing General Manager Ünal Gökmen emphasized that some infrastructure investments, especially Marmaray and Metro constructions, had a doping effect on leasing transactions which have been on a halt for the last 5 years and predicted that the sector will grow by 15-20 rate this year.
The new VAT regulation in the leasing sector, 27 December 2011, which is the preferred financing model especially in the new investments, increased the transaction volumes in goods groups, which have been reduced from 18 to 1. Last year, the Council of Ministers declined the VAT applied from 27 to 18, which was limited to the machines used in production by the decree of December 1.
Garanti Leasing General Manager Ünal Gökmen explained to AKŞAM the effects of VAT reduction in the leasing sector on the volume of transactions in the sector and Garanti Leasing's targets.
2.6 BILLION $
2010 since the sector began to grow Unal Gokmen, 'In November of last year in some business groups, especially in the construction machinery used in the financing of the leasing of the earthmoving machinery was discounted. In this way, 2.6 billion dollars in construction machines, the first half of the transaction took place. At the end of the year the sector captures the total transaction volume of 5.5-6 billion dollars' he said.
ROAD AND METRO STRUCTURE
Garanti Leasing General Manager Ünal Gökmen underlined that the increase in the volume of transactions in the sector compared to last year, as well as increased road and subway constructions, had an impact on the VAT reduction, saying: 'The third bridge will be built. The viaducts linked to him will open up new roads. 3. Airport and Gulf Transit Project. On the one hand, there are a lot of tunnels and subway infrastructure works. Marmaray, very expensive machines are used in metro construction. There is also a lot of road in Anatolia. They all increase demand for construction equipment. In the 2013, the share of construction equipment will increase further, as the infrastructure investments will increase, if the local elections are advanced, the share of construction machinery will be at 2013. We started to develop special strategies for it. '
Market leader in the number of contracts
Unal Gökmen stating that Garanti Leasing is the second with a 14.4 market share and 15 with a percentage of 850 in the transaction volume.
Preparing new bond issue in September
As Garanti Leasing, they said that they had issued two bonds this year and said: Bir We did one in May, 75-77 was worth a million pounds. We made the other one at the end of July. 75 million that we came out, but demanded three times. As of the end of September, we will be exporting 100 million pounds more. Our bonds are generally invested by institutional investors'
2015 reaches $ 1 billion in 10
Leasing the Legislation on Leasing, which will accelerate the growth of the sector indicating that Gökmen, ini The bill will bring new products to the sector and investors. Operational leasing is also one of the leading. Currently made financial leasing. We take a property in return for a rent with a certain maturity, and the ownership is transferred to the owner. In the operational leasing, the ownership of the said property is transferred to the leasing company. 3 yearly projection. In 2015 the sector reaches the size of 10 billion dollars. With the change of the law in the sector will accelerate development, "he said.
Many people do not know what is leasing
Leasing sector is represented as an association at the moment, together with the new law, factoring, leasing and consumer finance companies under the umbrella of the unity under the umbrella of Unal Gokmen said that this would enable the sector to become active. Gökmen pointed out that the sector is also known as another problem and still pointed out that many people do not know about leasing. Gökmen, 'Therefore, we need to explain ourselves a little more. We will give more weight to the communication works in the coming period, 'he explained.
Source : I www.emlaktasondakika.co