Latin American Leasing Industry Grows 47%, Strongly Outpacing Region's GDP
FOR IMMEDIATE RELEASELatin American Leasing Industry Grows 47%, Strongly Outpacing Region's GDP
The Alta Group LAR 100 Report Cites Brazil as Region's Leasing 'Star,' Ranks 100 Largest Leasing Companies, Multinationals, Countries
FORT LAUDERDALE, FL, Sept. 26, 2007 -- Latin America's leasing industry is experiencing impressive growth — 46.5% in 2006 compared with the region's average growth rate of 5.3% in Gross Domestic Product (GDP), according to a new report by The Alta Group Latin American Region (LAR).
The group's third annual Alta LAR 100 Report notes that Brazil is the leading contributor to leasing gains in Latin America. Brazil, where nearly half of the region's leasing volume is concentrated, increased its leased assets by 57% in 2006 despite having one of the lowest GDP growth rates.
"….How is it that Brazil's leasing industry continues to grow? The answer may reside in the regulation of the leasing industry," wrote the report's lead author, Rafael Castillo-Triana, an Alta principal. "In comparing leasing law and regulations worldwide, Alta has concluded that Brazilian leasing laws and regulations are among the best in emerging markets."
The Alta Group is a global consultancy serving equipment leasing and finance companies, investment professionals, manufacturers, banks, government organizations and legal advisors. Its Alta LAR 100 Report compiles the most comprehensive data available on the Latin American leasing industry, ranks the region's largest and fastest-growing leasing companies, estimates leasing volume by country, and identifies major trends.
The report's major findings include the following:
- Brazil's Itauleasing remains the largest leasing company in Latin America. Others topping the list include Banco Itaucard and Safra Leasing in Brazil, Popular Auto in Puerto Rico, Banco Santander in Chile and Leasing BanColombia in Colombia.
- Latin America's leasing market is dominated by banks and characterized by industry consolidation, a boom in vendor financing, and infrastructure financing opportunities, among other trends. Though delinquency rates in 2006 were low, Alta anticipates an increase in 2007 linked to the sub-prime crisis in the United States.
- Argentina's leasing industry ranked seventh in 2006, but Alta predicts it may move to third place in future listings based on 64% leasing growth and a "strong business, legal and regulatory environment."
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A database with detailed information about the region's major players can be purchased by contacting Ricardo Mu“oz-Medina
Phone: 305 931 2748
Email:ricardo.munoz@thealtagrouplar.com
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Media Contacts:
Ricardo Mu“oz-Medina, Principal, The Alta Group
Phone: 305 931 2748
Email: ricardo.munoz@thealtagrouplar.com
cc:carla@scapr.com
Rafael Castillo-Triana, Principal, The Alta Group
Phone: 954 389 7943
Email:rafael.castillo@thealtagrouplar.com
cc: carla@scapr.com
Carla Young Harrington, Susan Carol Associates
Phone: 540 899 3913
Email:carla@scapr.com
