Garanti Factoring achieved a significant increase of 41% in earnings after posting a net profit figure of 7.6 million TL as of third quarter 2009.

As compared to the same period of 2008, net income for nine months of 2009 reflects a robust increase of 41% despite the financial turbulence in the markets. Garanti Factoring reached a balance sheet size of 1 billion TL while enjoying a ROE figure of 22%.

Garanti Factoring, being a major player in the market, continued its strong performance as a leader in the sector having a highly professional and innovative approach to business, offering a wide range of product suite and tailor-made creative solution to an increasing customer base through an extensive distribution channel nationwide. Garanti Factoring's strength in market penetration coupled with its sound and stable service quality strongly contributed to sustaining the positive trend of profitability and market share in the sector.