Compared to regional and emerging market peers, Colombians are under-banked. Despite more rapid credit growth in recent years and efforts to broaden access, the ratio of loans to GDP was still below 38% at the end of 2012, while only 66.5% of adults over the age of 15 use at least one financial product. By November 2012 there were 34.6m savings...
How do BVC’s fees compare with other markets in the region, and what impact does this have?
THE COMPANY: Ecopetrol is the Colombian national oil company. It is one of the major oil and gas integrated companies in the world and, as a corporate conglomerate of more than 25 enterprises, has operations in exploration, production, transport and refinery of hydrocarbons. It also has subsidiaries in...
Although starting from a low base, the insurance sector has seen double-digit growth for a decade. How sustainable is this level of expansion?
The country has long been a small, relatively closed economy with a small banking sector. But recently, Colombia has been opening up to the world, particularly by signing multiple free trade agreements. As well, its banking sector is in good health, having escaped relatively unscathed from the worst effects of the global financial crisis. While...
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