Mexico Lessors Eye 10–15% Debt Growth on BMV, BIVA

Mexican leasing companies and multipurpose financial societies are projected to boost debt placements on the BMV and BIVA by 15% in 2026, as tightening bank credit drives a shift toward capital markets. The move enables non-bank lenders to secure liquidity for specialized financing across automotive, transportation and machinery sectors.

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Mexican leasing companies and multipurpose financial societies (SOFOMs) aim to increase debt placements on the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (BIVA) by 10% to 15% in 2026. According to the Mexican Association of Leasing, Credit, and Factoring Companies (AMSOFAC), this strategy seeks to secure capital to expand specialized credit lines for the private sector, as traditional commercial banks adopt a more cautious lending stance.

In 2025, non-bank financial intermediaries, including AMSOFAC members, executed debt issuances totaling approximately MX$150 billion across both exchanges. Industry leaders project that total market funding could rise by up to 15% by the end of 2026. While specific transactions currently underway remain confidential, the association expects a significant increase in activity as firms diversify their funding sources.

“More companies will turn to the stock market because the banking sector is currently showing caution in granting credit,” said Luis Arrieta, spokesperson and advisor for AMSOFAC. “There is a broad base of investors in the securities markets with a strong appetite for this type of instrument.”

The shift toward capital markets follows a period of increased selectivity by commercial banks. Specialized financial institutions use these funds to provide credit for the acquisition of machinery, transportation equipment, and other productive assets. Through this model, SOFOMs issue debt instruments acquired by institutional investors, which are then converted into financing for businesses seeking to expand capacity without relying on traditional bank lending.

The total loan portfolio of AMSOFAC members stands at approximately MX$227 billion. Of this, 35% is allocated to transportation equipment, 20% to the automotive sector, and 13% to machinery, with the remainder distributed across other productive assets. 

AMSOFAC members maintain a diversified funding structure. Development banks account for approximately 40% of annual resources, followed by 30% from debt placements in capital markets, nearly 20% from commercial bank loans, and the remaining 10% from international credit lines. By leveraging both BMV and BIVA, these intermediaries aim to maintain sufficient liquidity to support Mexico’s industrial and commercial growth through 2026.

Bridging the Credit Gap for SMEs

The push into debt markets responds directly to Mexico’s structural credit gap. Alberto Martínez, president, AMSOFAC, said the association’s more than 60 members plan to allocate over MX$103 billion (US$5.9 billion) in 2026 to expand financing for small and medium-sized enterprises (SMEs). He projects annual sector growth of 18% over the next three years.

Currently, AMSOFAC members serve more than 62,000 companies and 58,000 individual business clients. However, significant growth potential remains. SMEs account for 98% of businesses in Mexico and generate 70% of employment, yet receive less than 30% of total available credit. Martínez described this gap as both an opportunity and a responsibility for non-bank lenders, positioning leasing firms and SOFOMs as key drivers of competitiveness and innovation.

Market authorities also report strong momentum. Juan Manuel Olivo, director of promotion and issuers, BMV, said 25 AMSOFAC members are currently funded through the exchange. Data from the first nine months of 2025 shows that MX$557 billion (US$32 billion) was allocated to non-bank institutions, nearly matching the MX$600 billion (US$34.6 billion) recorded for all of 2024.