• The asset size of the sector, which was TRY 7.8 billion in 2008, increased to TRY 18.2 billion as of December 2012. This represented a 16% increase compared to the same period in 2011. The asset size of the sector reached TRY 21.8 billion by the end of 2013 (compared to TRY 18.2 billion at the end of 2012).
  • The factoring sector's profit continued its positive trend, rising by 20% at the end of 2013 compared to the same period the previous year.
  • Although the sector's share was at 1.26% of the overall financial sector, it held a 35% share in the non-bank financial sector (as of December 2012).
  • Of the approximately 1.3 million SME-status companies in Türkiye, 80% employ fewer than 10 people. These companies struggle to secure financing through banks due to their lack of institutionalization. The fast and flexible credit allocation processes offered by factoring companies make them an attractive option for companies in need of funds. As a result, the factoring sector has grown by 30-40% in recent years. Despite being impacted by the slowdown in Türkiye's economic growth, the sector achieved its 15% growth target in 2013.
  • The continued provision of financing by the factoring sector, even during economic crises, has strengthened its recognition and accelerated its growth. Therefore, it is expected that many companies from the bank customer base will turn to factoring services in the future, and the sector holds significant growth potential.
  • The textile and textile sub-industry, construction, and mining are the primary sectors benefiting from factoring, while wholesale and retail trade, the machinery industry, food, and tourism sectors also make use of factoring services.
  • With the "Law on Financial Leasing, Factoring, and Financing Companies" published in the Official Gazette on December 13, 2012, numbered 28496, factoring companies gained legal recognition as financial institutions.