Growth in leasing is outperforming general economic growth in
Latin America, according to a research by The Alta Group Latin
America Region, a global consultancy.
While the region’s GDP grew by 5.3 per cent in 2006, the leasing
industry saw 46.5 per cent growth – primarily due to a boom in
vendor financing and infrastructure financing options.
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Alta Group’s third annual LAR 100 Report found Brazil to be the
leading contributor to the developments in Latin America’s leasing
market with a rise of 57 per cent in leased assets in 2006, despite
having the lowest GDP growth rate in the region.
Rafael Castillo-Triana, a principal at The Alta Group, said the
growth of the Brazilian leasing industry is due to the sound
regulation in the country:
He said: “In comparison to leasing law and regulations
worldwide, Alta has concluded that Brazilian leasing laws and
regulations are among the best in merging markets.”
However, while default and delinquency rates were low in 2006,
The Alta Group predicts this will increase in 2007, due to the
sub-prime crisis in the US.
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