The accumulated between January and October marked a growth of 266% to $1,634,947 million, compared to the same period of the previous year.
He financing obtained by the small and medium enterprises (SMEs) in it capital market came to $286,820 millions in October last. In this way, he marked a positive variation greater than 380% regarding the same month last yearaccording to a report prepared by the National Securities Commission (CNV).
Thus, the accumulated between January and October marked a 266% growth until the $1,634,947 millionregarding same period of the previous year.
Just as it happened in Octoberin the first ten months of the year stood out stock exchange promissory note (with $1,072,787 million and a 66% of the total) as the most chosen instrument by companies to expand or improve their production.
SMEs
In this regard, the CNV report highlighted that “A change in trend is being seen (which started in 2022) about the most used instrumentin amount, by small and medium-sized companies to finance themselves: the I will pay more than double the traded volume of the most chosen traditional instrument, which was the Deferred Payment Check“.
When evaluating the results, the president of the National Securities Commission, Sebastian Negriindicated that “the growth of SME financing in the capital market is consequence of public policy “which has been going on since 2017, and which was reinforced and accompanied by this management with the aim of improving the regulatory and ecosystem conditions so that the segment can be financed quickly and under the best conditions of rates and terms.”
SME financing: what were the most used instruments?
He favorite instrument was the stock exchange promissory notewhich allows obtaining medium term financing and is usually used for purchase of machinery or investment in technologyaccording to the report.
“On the total of $286,820 million of financing obtained by SMEs in the local capital market the stock exchange note explained the highest percentagenegotiating an amount of $212,562 million (74% of the total) and exhibiting a 646% increase compared to October of last year,” it was indicated in the CNV survey.
Next in importance was deferred payment checkafter reaching the $64,204 millionwhich represented the 23% of the total.
Then they continued Negotiable Obligations (ON) with the 2%equivalent to $6.3 billion; the Electronic Credit Invoices with the 1% ($2,635 million) and finally Financial Trusts that they negotiated $1.12 billion.
Source: Ambito
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