Showing a successful performance in 2021 with its strong shareholders’ equity structure, innovative approach and corporate governance approach, Ekspo Faktoring continues to contribute consistently to the development of Turkey.
Mainly serving Turkey’s top 500 companies and multinational companies, Ekspo Faktoring focuses on transparent management, strong international cooperation and client satisfaction, and maintains its long-term relationships within the framework of mutual trust and profit. The company continues to develop authentic products that meet the financial needs of its clients, whom it considers business partners, and to implement pioneering practices that shape the industry. Ekspo Faktoring took part in important business processes and projects again in 2021.
The countries Ekspo Faktoring financing reached:
USA, South Korea, China, Taiwan, Vietnam, Hong Kong
Profitable and solid performance
By the end of 2021, Ekspo Faktoring reached an asset size of TRY 457.2 million, a turnover of TRY 1.8 billion, and a pre-tax profit of TRY 60.8 million. The Company continued its solid success and its shareholders’ equity grew by 22.5 percent to TRY 236.8 million. In 2021, the Company’s turnover included an export volume of $49.6 million and an import volume of $7.1 million, with the share of domestic transactions at 64.5 percent and international transactions at 35.5 percent.
Solution partner in export and import operations
Maintaining its leading position in the industry in export and import financing activities in 2021, Ekspo Faktoring expanded its product and service range thanks to its experienced and expert team. Focusing on the financing of both domestic and international trade, it continued to provide financial support to companies working mainly on imports and exports, with effective solutions it implemented. Ekspo Faktoring, which provides services with a strategic point of view and provides the necessary resources for its clients to achieve their goals, provided approximately $56.7 million in foreign trade financing support in 2021.
Foreign trade support of
$56.7 MILLION
With the funding sources and guarantees it provides from its international correspondent network, and the financial products and services it offers, Ekspo Faktoring provides a competitive edge and a financial advantage to Turkish companies targeting foreign markets in today’s challenging conditions, where supplying products to foreign markets involves many difficulties. Ekspo Faktoring carries out activities with the aim of finding new markets for export goods and giving exporters competitiveness in international markets. The Company provided export financing services worth $49.6 million in 2021 for the textile, aquaculture, metal, health, boat building and automotive supply industries, as well as paper, machinery equipment, and leather sectors.
Export financing services worth
$49.6 MILLION
Strong presence with global cooperation
Following its vision of becoming an international player, Ekspo Faktoring joined Factors Chain International (FCI), the world’s largest non-bank financial services network, in 2004. The Company continued to expand its correspondent network and financial resources in 2021, thanks to strong relationships with other member institutions of FCI, which has nearly 400 members in 90 countries. FCI was set up in 1968 as an umbrella organization to support the development of global trade volume and promote best practices in international standards. Transactions carried out by FCI members account for approximately 80% of global factoring volume.
Correspondent network:
USA, Canada, Germany, China, S. Korea, Taiwan
International rating and audit
Ekspo Faktoring, boasting a privileged position in the sector with a strong shareholders’ equity and healthy asset quality, has been evaluated by international rating agencies Fitch, Moody’s and JCR Eurasia Rating since 2006. The Company changes the rating agencies and audit firms at certain intervals as specified by the European Union Audit Reform for the assurance of audit results and ratings. JCR Eurasia Rating has recently confirmed the long-term national rating of Ekspo Faktoring as ‘AA- (Trk)’ and determined the outlook of the Company as Stable. Long-term revenue generation capability, asset quality, a capital adequacy ratio above the factoring sector average and lower leverage ratios as well as the high level of risk management skills, experience and effective management capabilities were instrumental in Ekspo Faktoring receiving such a positive rating.
AA-
Long-term national rating
