GELECEK VARLIK YONETIMI A.S
BBIST:GLCVY34.32
TRY
-0.14
(-0.41%)
GELECEK VARLIK YONETIMI A.S
BIST:GLCVY
(Istanbul Exchange)
Recent
price
34.32
P/E
ratio
6.30
div
yld
0.00%
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Gelecek Varlik Yonetimi A.S. is a Turkey-based asset management and financial services company primarily engaged in the acquisition, management, restructuring, and resolution of non-performing loan (NPL) portfolios and distressed debt assets from banks and financial institutions. A member of Fiba Group (Fiba Holding A.S.), the company operates through several core business lines and service offerings: Retail Portfolio Management, which manages the purchase, settlement, and recovery of defaulted consumer loans, credit card balances, auto loans, and retail mortgage debts; Commercial and Corporate Portfolio Management, covering the acquisition, financial restructuring, workout management, and recovery of non-performing commercial credits, SME debt facilities, and corporate obligations; Debt Restructuring and Settlement Services, providing flexible installment plans, discount settlements, payment restructuring, and refinancing solutions tailored for individual and corporate debtors; Legal Collection and Collateral Liquidation, involving judicial execution, bankruptcy and foreclosure proceedings, real estate asset liquidations, and dispute resolution management; and Portfolio Valuation and Underwriting Services, delivering credit risk analysis, pricing, due diligence, and distressed debt portfolio valuation. In recent developments, Gelecek Varlik Yonetimi A.S. has expanded its purchased portfolio volume through the acquisition of multiple non-performing loan packages secured in competitive tenders from major Turkish state-owned and private deposit banks; diversified its funding sources through the regular issuance of Turkish Lira-denominated corporate bonds, financing bills, and lease certificates (sukuk) issued to qualified domestic investors; upgraded its operational infrastructure with artificial intelligence-driven collection scoring models, advanced speech analytics, and self-service digital payment portals; and widened its asset recovery activities to encompass distressed receivables from the telecommunications and utility sectors. Founded in 2005 and headquartered in Istanbul, Turkey, the company serves institutional creditors and individual as well as corporate debtors nationwide.