Continuing its support for solid projects throughout Türkiye with its own leasing service, Kuveyt Türk signed a leasing agreement with MST Satış Pazarlama, ELS Lift, Sanko Makine Pazarlama and Asko İş ve Tarım Makinaları, which are affiliated with Asko Group, one of the leading industrial companies of our country. As of the end of the first quarter of 2021, Kuveyt Türk's leasing support for the sector has exceeded 6.5 billion TL.
Innovative and leading participation bank in Türkiye, Kuveyt Türk continues to support solid projects across Türkiye with its own leasing service. Increasing its support from 2.7 billion TL at the end of 2019 to more than 5 billion TL in 2020 as part of leasing service, Kuveyt Türk made a lease payment of 470 million dollars in 2020. Increasing the support to over 6.5 billion TL as of the end of the first quarter of 2021, Kuveyt Türk has brought buyers and sellers together with the contribution leasing agreements made with many companies.
Continuing to support the real economy in 2021, Kuveyt Türk has recently signed a leasing agreement with MST Satış Pazarlama, ELS Lift, Sanko Makine Pazarlama and Asko İş ve Tarım Makinaları, which are affiliated with Asko Group, one of the leading industrial companies in Türkiye. As part of the leasing agreement with contribution share, Kuveyt Türk will provide financing support to the contracted companies in the financing of the products they manufacture and sell at favorable profit rates according to their cash flows.
Long-term and flexible repayment plan suitable for cash flow
Kuveyt Türk’s Executive Vice President Retail and Business Banking Abdurrahman Delipoyraz said, “We attach great importance to supporting the economy of the country by supporting businesses. In this context, we provide many advantages to businesses with the leasing services we offer. The dividend part of the rent paid may be written as expense by the tenant in the periods they belong. In addition, with the advantage of VAT, the cost of the fund is more attractive than other financing method costs. Thanks to the leasing agreement we have made with the leading companies of our country, MST Satış Pazarlama, ELS Lift, Sanko Makine, Asko İş ve Tarım Makinaları, which are affiliated with Asko Group, we are happy to support the real economy one more time. We plan to continue our support for solid projects throughout the year.”
"The leasing agreement will contribute to our customers"
Özalp Kibar, Member of the Board of Directors of MST Satış Pazarlama, ELS Lift, Sanko Makine and Asko Makina, one of the Asko Group companies, said in his statement, " We have many years of work experience and important investments in the construction and agricultural machinery sector in Türkiye. We produce domestic work and agricultural machines and offer them to our customers. Our group also carries out the Türkiye distributorship of distinguished business and agricultural brand producers in the world. As Asko Group, we care that our customers have the opportunity to pay for their cash flows for the machines they purchase from our group companies. In this context, we believe that the leasing agreement with Kuveyt Türk Participation Bank with advantageous pricing and flexible payment options will make a positive contribution to our customers' procurement and cash flow processes. We thank Kuveyt Türk for the cooperation.”