TEB Arval, which was established to provide long term Operational Vehicle Leasing and Fleet Management services to local and international companies of all sizes, celebrated its 10th anniversary with its customers at Ural Ataman Classic Automobile Museum, one of the most important classic automobile museums in Turkey.
Standard IFRS 16 concerning leasing contracts, published the 13 January 2016, will be imposed on active accounts opened as of the 1st of January 2019, pending its adoption by the European Union.
Starting the 1st of January 2019, leasing contracts will be impacted by a new set of accounting standards, known as IFRS16.