The equipment leasing and finance industry in Latin America grew an average 17% in 2015 as measured in local currencies, an impressive feat given the region’s overall economic performance, notes the latest Alta LAR 100 report by The Alta Group Latin American Region (Alta LAR). Report details and the most recent ranking of the 100 largest leasing companies in in the region will be discussed at the Latin American Leasing Conference Nov. 10-11 in Miami.
“This is good news for Latin American economies, since it shows that a key engine of capital formation in these countries – equipment leasing – is still working and promises to contribute to the comeback of times of growth,” Alta LAR CEO Rafael Castillo-Triana wrote in the report. “This is evidence that the leasing industry is countercyclical, not only because it may grow despite the overall macroeconomic environment, but also because it contributes to the future growth of economies by fostering capital investment.”
The International Monetary Fund estimates that the overall economic growth rate in Latin America declined 0.5% in 2015. A 0.1% decline is predicted this year, driven by Brazil, Ecuador and Venezuela. All other countries will either grow below their average historic growth, or above average.
While the leasing industry performed well overall, it expanded in some countries while contracting in others. The Alta LAR 100 estimates positive growth rates in Mexico, Colombia, Chile, Argentina, Peru, and negative in Brazil,Venezuela, Ecuador, Puerto Rico. It also identifies significant shifts in the main drivers of growth, key players and origin of multinationals, and reveals how regulations are impacting the industry.
A report summary is available for download with free registration here.
For more information about the Latin America Leasing Conference Nov. 10-11 in Miami on “Taking Advantage of New Challenges,” visit www.thealtaconferencias.com or contact kforster@thealtagroup.com. The conference will feature simultaneous English and Spanish translations, with leasing leaders from 15 nations expected to attend. The Forum preceding the conference on Nov. 9 will focus on the “Impact of the New Standards and Regulations on the Leasing and Renting Industry.” It will be conducted in Spanish.