The acquisition of transportation and logistics equipment represented almost three quarters of the sector’s total operations.
Investment via leasing registered a nominal growth of 49.6% between the end of September and last June, which adjusted for inflation meant a 34% real improvement. In turn, signed contracts more than doubled compared to the same period last year, which reflected a strong recovery in investment demand for the acquisition of transportation and logistics equipment.
With this level of financing, the leasing balance reached $419,763 million at the end of September 2024. With this recovery of the leasing industry, the economy regains a longer-term financing tool. Financing via leasing recorded a arrears of 0.65% average, resulting lower than that of the financial system, which stood at 1.6% at the end of last August.
The strong recovery observed in the third quarter responded to the greater demand for financing for the acquisition of transportation and logistics equipmentwhich represented almost three quarters of the sector’s total operations. Likewise, 8.4% was allocated to the acquisition of property technology and telecommunications9.5% to the acquisition of construction machinery3.2% on the purchase of agricultural machinery and 4.1% for the purchase of industrial equipment.
In this context, leasing operations generated 8,513 jobs and SMEs continued to drive the sector, representing 48.7% of the leasing portfolio share, and gaining share in the industry. In terms of financing for SMEs, The Capita Corporation/Banco Comafi leads the segment with a leasing portfolio assigned to this sector of $41,689 million, an amount that represents 20% of the financing granted to this sector, followed by Banco Supervielle and BICE .
Nicolas Sciolivice president of Leasing Argentina, remarked that “the strong growth in financing via leasing represents a recovery in investment in capital goods, which demonstrates growing confidence in the economic direction.” In this sense, he explained that “the financing of the system is beginning to move beyond the short term to cover working capital needs, now beginning to stretch the average life of credit in investments, projecting into the future.”
In the third quarter of the year, The number of signed leasing contracts reached 1,966, experiencing a strong expansion of 104% in relation to the same quarter of the previous year, after having remained practically stable in the second.
In relation to financing large companies, HPE Financial Service was the leading entity with $68,712 million in portfolio, followed by The Capital / Banco Comafi and Banco Supervielle.
Source: Ambito
