Message From The CEO
Dear Stakeholders,
Our company which continues to create resources for the banking sector with the investments it has made for overdue receivables, has increased the total amount of investments in the first 9 months of the year to 204 million TL. In the first 9 months when our daily collection average reached 3 million TL, our company increased it’s collection by 59.2 percent compared to the same period last year to 789.7 million TL. During the third quarter, including the summer months, the average monthly collection approached 100 million TL. We are also converting the resources we have obtained in this process where our collections are strong, into new investments for the future.
in the 9 month period up to September in 2022 the total principal amount of Gelecek Varlık, which has taken over the overdue collection receivables of the banking sector amounting to 1.5 billion TL, has increased to 20.2 billion TL. The Gelecek Varlık, whose EBITDA increased by 58.6 percent to 502.9 million TL at the end of 9 months compared to the same period last year, increased it’s net profit by 123.2 percent to 307.1 million TL in this period.
As a sector leader, the main feature of Gelecek Varlık is that it listens to it’s customers patiently, asks solution-oriented questions and produces personalized alternatives. For this reason we attach great importance to reaching an agreement by compromise and to communicating well with our customers. The Fiba Group's experience in digital infrastructure and qualified human resources of which we are a part, is also one of the elements that differentiates us. Thanks to these features, we continue to maintain our leadership and we aren’t experiencing a decline in the debt payouts of individuals and companies to Gelecek Varlık.
Our most important goal is to continue our growth and sector leadership in the coming years by having the highest market share. In line with this goal, we have been carrying out our digitalization studies for a long time in order to adapt to the digital world and even to take the lead in our own sector. Digitalization, Corporate Governance and Sustainability will be the topics that we will focus on the most in the coming period for us.
We see that another of the elements that we consider important in terms of moving our country forward is social development and we pay attention to providing benefits to our society at every step. The development of our country, our community, our environment and the changing needs of our stakeholders in line with our solid balance sheet strength, human centered as a company, our company culture and arts, education and volunteerism in the axis of the world, we are working to produce more value to the society and the people.
Besides all these, without compromising our long-term perspective, we have been focusing on sustainable growth since our establishment and we continue to work with our goal of leaving a more livable world to future generations. We will continue to be a company that offers confidence to it’s investors by continuing our investments in the following processes.
I would like to take this opportunity to thank our customers, stakeholders, shareholders and all our employees who have always pushed us forward and encouraged us to do the best and have not spared their support.
Kindest regards,
Z. Sezin Ünlüdoğan
Board Member and General Manager