Who benefits most from growth in banking penetration rates – the economy, banks or the people?
Colombia Financial Services
Displaying 67 - 72 of 109
Interviews & Viewpoints | OBG talks to Carlos Raúl Yepes Jiménez, President, Bancolombia from The Report: Colombia 2014
Articles & Analysis | Encouraging more low-income clients to join the sector from The Report: Colombia 2014
As in most Latin American countries, financial inclusion in Colombia is a challenge. Deficiency in infrastructure and education, together with a high level of labour informality and large difficulties in accessing the vast rural areas of the country, make large parts of the population unable to participate in financial services. However, Colombia continues to take...
Articles & Analysis | As domestic banks look abroad, foreign entities eye investing locally from The Report: Colombia 2014
International investors are looking at Colombia with growing confidence thanks to several political and economic improvements. Colombia’s economy has registered an average 4.3% GDP growth rate and 2.7% GDP per capita growth rate since 2000, according to World Bank figures. This has resulted in a growing middle class and a decrease in the percentage of the population...
Articles & Analysis | Banks look to their neighbours for further growth from The Report: Colombia 2014
Unlike other Latin American markets, Colombia’s banking sector is led by local financial groups. The three largest are Bancolombia, Grupo Aval and Davivienda, which control almost 64% of all loans (see overview).
Articles & Analysis | Low rural penetration and new technology show growth potential from The Report: Colombia 2014
Economic growth, improving security and macroeconomic stability in the past decade have helped the Colombian banking sector expand. An expanding middle class in need of financial services has also seen banking penetration rise, while financial products such as credit cards and mortgages have shown double-digit growth rates during recent years.