ITFC Implements Its First Leasing Sector Agreement in Türkiye with AKLease

AKLease blazed a trail in Türkiye’s leasing sector through its agreement with ITFC. This €15 million two-year term financing aims to address the pre-import and pre-export needs of SMEs while also providing funding for ECOLease, an environmentally friendly financial product that prioritizes sustainability.

AKLease entered into a significant collaboration that will contribute to the Sustainable Development Goals. Under the agreement signed with the International Islamic Trade Finance Corporation (ITFC), AKLease secured €15 million in financing with a two-year term. This facility will be used to meet the pre-import and pre-export financing needs of the private sector, particularly SMEs, as well as to support green projects and sustainable business models. The agreement will also reinforce AKLease’s environmentally friendly financing product, ECOLease.

“We blazed a trail in Turkey’s leasing sector.”

Commenting on this partnership, AKLease General Manager Eser Okyay, stated: “This partnership not only contributes to the development of innovative financing models in the leasing sector but also reinforces our vision of providing funding for projects that prioritize sustainable development. As ITFC’s first-ever agreement with a leasing company globally, this partnership brings a fresh perspective to the sector in Turkey. With a strong focus on sustainability, environmentally friendly financing models, and inclusive solutions, this partnership holds significant potential to create added value for the real economy.”

“We continue our long-term support for the private sector.”

Commenting on this partnership, Mr. Nazeem Noordali, COO of ITFC, stated: “This agreement underscores our long-term commitment to supporting Türkiye’s private sector. By partnering with leading institutions such as Aklease, we are furthering ITFC’s mandate to promote trade and foster economic growth.”