Is FinKir

What Is FinKir does

İş Leasing (İş Finansal Kiralama A.Ş.) is a publicly listed Turkish financial leasing company founded in 1988, headquartered at İş Kuleleri in Istanbul. Türkiye İş Bankası A.Ş. is the largest shareholder with 30.52% ownership, followed by Türkiye Sınai Kalkınma Bankası A.Ş. with 29.46%, with the remaining 39.09% held in public float on Borsa İstanbul (IPO March 2000). The company provides medium- to long-term financing for capital equipment, machinery, vehicles, real estate, renewable energy projects, medical devices, agricultural equipment, and software across a customer base of SMEs, large enterprises, renewable energy companies, free zone operators, and self-employed professionals.

The core product suite comprises Financial Leasing (ownership transfers to lessee at term end), Operational Leasing (ownership retained), Sell and Lease Back, Software Leasing, Leasing Abroad, and Free Zone Leasing — all subject to a regulatorily backed 1% VAT rate versus the standard 10-20%. Supporting the leasing business is a Second-Hand Sales Platform for asset disposition and a Leasing Calculator plus Online Branch Portal for digital self-service. Distribution is sales-led through 14 branches across Turkey's major industrial cities, complemented by referrals from Türkiye İş Bankası's nationwide branch network and digital application channels.

The company reported total assets of 88,149,430 thousand TL (~$2.1B at recent exchange rates) and total equity of 10,946,767 thousand TL as of June 30, 2025. Consolidated net profit reached 1,925,193 thousand TL for FY2024 and 1,597,695 thousand TL for H1 2025. Fitch Ratings affirmed a BB- (Stable) long-term credit rating in April 2025, an upgrade from B in September 2024, and Saha confirmed a corporate governance rating of 9.30/10 (93.04%). In June 2025, İş Leasing signed a USD 100 million IFC credit facility for climate, water, renewable energy, and women-owned SME financing.

Name

Is FinKir

Legal name

İş Finansal Kiralama A.Ş.

Website

https://isleasing.com.tr

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

İş Leasing is a publicly listed Turkish financial leasing company, majority-owned by Türkiye İş Bankası, providing financial and operational leasing, sell-and-lease-back, and free zone leasing services to SMEs, large enterprises, renewable energy firms, and self-employed professionals across Turkey through a 14-branch network.

Ownership category

akta.pro rank

Product category

Financial Leasing Services

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Automotive Equipment Rental and Leasing (5321), Passenger Car Leasing (532112)

SIC

Finance Lessors (6172), Services-Auto Rental & Leasing (No Drivers) (7510), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Equipment & Tool Leasing (Consumer) (FSAKANAF)

akta.pro secondary industries

Lease Servicing, Management & Remarketing (Consumer) (FSAKANAL), Used Vehicle Leasing (Pre-Owned Lease Programs) (TLABAAAG)

Keywords

• Financial leasing services
• Operational leasing
• Equipment financing
• Sell and lease back
• Corporate asset financing

Headquarters

HQ city

Levent

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Financial Leasing: Medium- to long-term financing where İş Leasing purchases equipment selected by the customer and leases it back. At the end of the lease term, ownership transfers to the lessee. Revenue generated through lease interest and fees.
2. Operational Leasing: Lease of equipment where ownership remains with İş Leasing throughout the contract. Revenue generated through recurring rental payments.
3. Sell and Lease Back: Customers sell existing depreciable assets to İş Leasing and lease them back under agreed terms. Creates upfront cash proceeds for the customer with recurring lease payments following.
4. Software Leasing: Lease of software programs, specialized software, and hardware-embedded programs (excluding patents and intellectual property). Revenue through lease payments.
5. Leasing Abroad: Financing of machinery and equipment investments for projects executed outside Turkey.
6. Free Zone Leasing: Leasing services for companies operating in free trade zones, providing VAT advantages.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

İş Leasing is a Turkish financial leasing company providing medium to long-term equipment financing. The company purchases machinery, vehicles, real estate, and other capital assets selected by customers and leases them back, with ownership transferring at lease end (Financial Leasing) or returning to İş Leasing (Operational Leasing). Additional offerings include Sell and Lease Back for liquidity generation, Software Leasing, Leasing Abroad for international projects, and Free Zone Leasing for VAT-optimized investments.

Product overview

İş Leasing is a financial leasing company offering a comprehensive suite of leasing products and services. The core offerings consist of Finansal Kiralama (Financial Leasing) for medium to long-term equipment financing with ownership transfer at lease end, and Operasyonel Kiralama (Operational Leasing) where equipment is returned at contract end. The company provides specialized products including Sat ve Geri Kirala (Sell and Lease Back) for liquidity generation, Yazılım Kiralaması (Software Leasing) for software acquisition, Yurt Dışında Leasing for international projects, and Serbest Bölgede Leasing for free zone operators. Supporting these is the 2. El Satış Platformu (Second-Hand Sales Platform) for reselling returned leased equipment, and a Leasing Hesaplama (Leasing Calculator) for customer self-service. The company finances diverse asset categories including industrial machinery, renewable energy projects, vehicles, agricultural equipment, medical devices, real estate, and air/sea transportation vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Leasing (Finansal Kiralama)
• Operational Leasing (Operasyonel Kiralama)
• Sell and Lease Back (Sat ve Geri Kirala)
• Software Leasing (Yazılım Kiralaması)
• Leasing Abroad (Yurt Dışında Leasing)
• Free Zone Leasing (Serbest Bölgede Leasing)
• Second-Hand Sales Platform (2. El Satış Platformu)

Quantifiable outcome

• 1% VAT rate vs. standard 10-20% for qualifying equipment
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor.

• United Nations Global CompactminorStrategic or Co-development Partnerİş Leasing is a signatory to the UN Global Compact, committing to ten universal principles on human rights, labor standards, environmental protection, and anti-corruption. Aligns İş Leasing's sustainability strategy with global standards.
• UN Women / WEPs (Women's Empowerment Principles)minorStrategic or Co-development Partnerİş Leasing is a signatory to the Women's Empowerment Principles, committing to gender equality practices in recruitment, workplace policies, and supporting women's advancement in business.
• İş Dünyası ve Sürdürülebilir Kalkınma Derneği (SKD Türkiye)minorStrategic or Co-development PartnerMember of SKD Türkiye, the Turkish regional network of the World Business Council for Sustainable Development (WBCSD). Participates in working groups and shares sustainability best practices.
• 30% ClubminorStrategic or Co-development PartnerMember of the 30% Club, a global initiative advocating for at least 30% women on boards and in leadership positions. İş Leasing commits to increasing gender diversity in its governance.
• Türkiye Kurumsal Yönetim Derneği (TKYD)minorStrategic or Co-development PartnerMember of the Turkish Corporate Governance Association, promoting adoption of corporate governance best practices aligned with fairness, transparency, accountability, and responsibility principles.
• Saha Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş.minorOthersIndependent rating agency that conducts İş Leasing's annual corporate governance rating assessment. Confirmed İş Leasing's corporate governance score at 9.30/10 in December 2024.
• Fitch RatingsminorOthersInternational credit rating agency providing independent credit ratings for İş Leasing. Confirmed BB- (Stable) long-term ratings in April 2025, following an upgrade from B in September 2024.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Deniz Leasing: Direct competitor — DenizBank's leasing subsidiary offering financial and operational leasing to Turkish SMEs and corporates. Smaller scale but directly comparable business model and product set.
• QNB Finansbank Leasing (QNB Finansal Kiralama): Direct competitor — QNB Group's Turkish leasing subsidiary offering financial and operational leasing, leveraging QNB Finansbank's SME customer base across similar equipment categories.
• Halk Leasing: Direct competitor — Halkbank's leasing subsidiary providing financial leasing primarily to SMEs and agricultural customers; comparable scale and Turkish-market focus, with similar regulatory VAT advantages.
• Yapı Kredi Leasing (Yapı Kredi Finansal Kiralama): Direct competitor — Yapı Kredi's leasing arm providing financial leasing and operational leasing across Turkey, similarly leveraging a large private bank's branch network for SME origination. Closely aligned customer segments and product offerings.
• Ak Finansal Kiralama: Direct competitor — Akbank's leasing subsidiary offering financial and operational leasing to Turkish SMEs and corporates across equipment, vehicles, and real estate. Closely comparable product suite, captive bank distribution, and customer base.
• Garanti BBVA Leasing: Direct competitor — Garanti BBVA's leasing subsidiary offering the same suite of financial leasing, operational leasing, and sell-and-lease-back products to Turkish enterprises, with similar bank-affiliate distribution leverage.
• TEB Leasing (TEB Finansal Kiralama): Direct competitor — TEB/BNP Paribas's Turkish leasing operation providing financial leasing services to SMEs and corporates, with bank-affiliate distribution and overlapping equipment categories.

Emerging players

• Caterpillar Financial Services Turkey: Vendor captive lessor focused on construction, mining, and forestry machinery financing. Comparable in equipment leasing scope for İş Leasing's construction/agricultural/forestry categories but with narrow vendor tie.
• Siemens Finansal Kiralama: Equipment-vendor captive lessor focused on financing Siemens industrial equipment, production machinery, and digital industrial solutions. Comparable equipment-financing model but narrower asset scope.

Broad incumbents

• İş Faktoring: İş Bankası's factoring subsidiary — sibling entity under the same parent. While focused on receivables financing rather than equipment leasing, it competes for the same İş Bankası SME relationship pool and offers a useful reference point for cross-sell and capital allocation within the İş Group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/isleasing
• Facebookfacebook.com/isleasing

Revenue estimate

Valuation estimate

Number of profiles

Profiles27 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Is FinKir