The balances of leasing portfolios were located at $113,566 million in the first quarter of the year and thus registered a real growth of 3.3% adjusted for inflation in interannual terms.
The balances of leasing portfolios were located at $113,566 million in it first trimester of the year and thus recorded a real growth of 3.3% adjusted for inflation in year-on-year terms, with a greater participation of SMEs. The contribution of SMEs to the total volume of credits from 47% to 56% between March of one year and anotherspecified Leasing Argentina, an entity that brings together banks and companies that offer financing via leasing.
“The leasing industry continues with considerable expansion in the first quarter of this yearparticularly in the SME sector, experiencing five consecutive quarters of growth,” said the president of the entity, Nicholas Scioli, in the celebrations for the 25th. anniversary of it.
The event was attended by the rest of the authorities of the entity and ehe Secretary of Industry and Productive Development, José Ignacio de Mendiguren, among other guests. For his part, De Mendiguren highlighted the importance of leasing for industrial policy and expressed his available to the authorities to prop up banks and companies with more credit that allow the expansion of the sector.
The amount of financing granted via leasing totaled $18,374 million in the first three months of the year, a nominal growth of 146% compared to the first quarter of 2022 and 20.2% measured in real terms. Leasing was positioned as a highly penetrating tool for the financing of SMEs and purchase of goods by the public sector.
In the first trimester, it was also observed greater diversification of portfolios in companies in the sector, both in the measurement by type of goods granted and by characteristics of the takers. In fact, Provincia Leasing allocated 60% of its portfolio to the public sectorparticularly provincial municipalities, while the Investment and Foreign Trade Bank (BICE)in the same proportion, directs its financing to SMEs.
Funding is channeled through the Argentine Credit Program (CreAr)with investment rates of National Fund for Productive Development (Fondep), which implies a bonus of up to 40 points, a tool promoted by the then Ministry of Productive Development and consolidated by the current Secretary of Industry. The balance of the leasing portfolio 57% is earmarked for financing transportation and logistics, 16% for technology and telecommunications goods, 11% for construction machinery, and 8% for the purchase of industrial equipment.
Source: Ambito
