True frontier territory

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01 January 2001

Whilst factoring is still relatively new in most parts of Latin America, a number of markets have already been through considerable turmoil in their short history. The effects of Mexico's Peso crisis in the mid 1990s had far reaching effects and had a major impact on credit underwriting standards. Elsewhere, banking regulations and restrictions on the ownership of factors has held back the development of the industry in some markets and concern over currency devaluation has also had an impact in some countries. There are, however, many positives within the region and those in the industry believe that factoring is now ready for the next stage in its growth cycle.
Argentina

The factoring industry in Argentina went through a period of rapid growth in the mid 1990s, going from a zero start in 1994 to $1.485 billion in 1999. There are now five factors operating in the market but only one, Galicia...

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