Business

Net profit of ₺390.7 million in 2022 from Gelecek Varlik

Gelecek Varlik General Manager Sezin Unludogan said, “When we look at the transaction volumes of our sector in general, it is possible to say that we had a more productive year compared to previous years.”

Gelecek Varlik’s net profit in 2022 increased by 124.7% to ₺390.7 million.

Gelecek Varlik announced its 2022 year-end financial results.

According to the statement, Gelecek Varlik has realized its total collection as ₺1 billion 212 million, an increase of 70.3% compared to the previous year. The profit before interest, depreciation and tax of the company, which carries its own resources above ₺1 billion, reached ₺791.2 million with an increase of 75.6% compared to the end of 2021, and its net profit reached ₺390.7 million with an increase of 124.7%.

Gelecek Varlik General Manager Sezin Unludogan, whose views are given in the statement, stated that they took over 2.1 billion TL of principal from financial institutions in 2022 and increased the cumulative principal amount purchased so far to ₺20.8 billion.

Noting that there was a gradual dynamism in the sector in 2022 due to the end of the epidemic effect, the increase in the sales tenders of the banks and the legal regulations, Unludogan said, “When we look at the transaction volumes of our sector in general, it is possible to say that we had a more productive year compared to previous years. In order to maintain this stability, we will continue our work by using innovative solutions of technology.”

Noting that despite the increasing risk factors, the Turkish economy showed a strong resistance with its dynamic and flexible structure, Unludogan said:

“Despite the negative effects stemming from the global economy, the momentum we achieved throughout the year continued in the fourth quarter as well. We continue to work with the awareness of the responsibility that asset management companies assume for the economic stability of countries and the financial freedom of individuals. While we offer individuals and companies the opportunity to pay their debts, we can also reintroduce unused resources into the economy. We will both fulfill our responsibility to eliminate the damage caused by the earthquake and contribute more to the country’s economy by continuing our investments.’

Noting that they would like to express their condolences to the relatives of all citizens and to Turkiye regarding the earthquake disaster, Unludogan said, “Our greatest wish is that the injured recover as soon as possible. In order to heal the wounds of the earthquake, on the one hand, urgent needs must be met and on the other hand, preparations for returning to normal life must be made. While working with all our strength in this direction together with the Fiba Group, of which we are a part, we try to continue our business with the highest performance, without interruption, in line with our responsibility to our stakeholders.’

Source: AA / Prepared by Irem Yildiz

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