A ranking of the 100 leading equipment leasing companies in Latin America was released yesterday by The Alta Group in a report believed to be the first to identify major players throughout the region.
The AltaLAR100 report breaks ground by naming and ranking the most prominent equipment leasing companies in Latin America based on their reported portfolio of leased assets in 2004, said Rafael Castillo-Triana, a principal for The Alta Group Latin American Region (Alta LAR).
Alta LAR provides consulting, legal and research services for equipment leasing and finance interests throughout Latin America.
The 10 leading companies in the AltaLAR100 are:
1. Cia Itauleasing de Arrendamento Mercantil (Brazil)
2. Banco Santander-Santiago-Leasing portfolio (Chile)
3. Safra Leasing (Brazil)
4. POPULAR AUTO (Puerto Rico)
5. Banco de Chile-Leasing portfolio (Chile)
6. Bradesco (Brazil)
7. SULEASING (Colombia)
8. IBM Brasil Leasing (Brazil)
9. BCI- Banco de Credito e Inversiones -Leasing Portfolio (Chile)
10. CorpBanca -Leasing Portfolio (Chile)
"Nine of the 10 largest leasing companies in Latin America are bank affiliated, and the tenth, IBM Brasil Leasing, is a manufacturer’s captive," Castillo-Triana said.
"The AltaLAR100 also revealed some surprises," he added. "We had not anticipated that Chile’s leasing industry was so large. Chile tied with Brazil for the most leasing companies in the Top 10 and contributed a total of 12 in the AltaLAR100.
"We also were surprised by the similar size of the leasing industries in Mexico and Colombia, since the Mexican economy is more than five times the size of the Colombian economy."
Alta LAR developed the rankings based on data published by the corresponding country leasing associations, Central Banks of regulatory entities and in some cases from data provided by individual companies. The group plans to update its report regularly.
The Alta Group – www.thealtagroup.com