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Leasing and Factoring Sectors Weather TRY Volatility: Fitch

Leasing and Factoring Sectors Weather TRY Volatility: Fitch

The Turkish leasing and factoring sectors have weathered the risks of currency volatility and have reported resilient profitability, Fitch Ratings says. The two sectors are dominated by bank-owned entities with the largest five leasing companies accounting for 62% of sector assets at end-2020, while the factoring sector is more fragmented with the five largest bank-owned...