The top six banks together account for 63.05% of all banking assets, 66.19% of all loans and 64.76% of all deposits in the system. While Bancolombia is the biggest stand-alone bank, accounting for 20.29% of all banking assets, Banco de Bogotá (ranked second by assets), Banco de Occidente (fifth), Banco Popular (sixth) and Banco AV Villas (eighth) –...
Fixed income in Colombia is a tale of two markets: a well-established and highly liquid sovereign bond market, accounting for about 80% of bonds traded, and a still-developing, less-liquid corporate bond market. Together, they amounted to $840bn of the total $1.12trn of financial assets traded in Colombia in 2012, indicating their relative strength...
When evaluating financial regulation in Colombia, it is easy to observe that the nation has learned well the lessons from past crises – namely the earlier financial crisis of 1982 and the mortgage crisis of 1998-99. As Óscar Cabrera Izquierdo, the president of BBVA Colombia, told OBG, “Since the last financial crisis, Colombia has developed two...
The culmination of a two-year process in May 2011 to integrate the stock markets of Colombia, Chile and Peru was aimed at increasing business between the three capital markets and offering investors a more diverse and liquid range of alternative investments. Greater liquidity was expected to bring in more investors and encourage additional companies...
The insurance sector has consistently outperformed Colombian GDP growth in recent years. A rise in disposable income, an expansion of the formal economy, falling unemployment and gradual advancement on major infrastructure projects have helped push up demand across the spectrum of general and life insurance products. The number of insured has...
THE COMPANY: Grupo Éxito is the lead retailer in Colombia. It has been operating for more than a century and has a local market share of over 40%. Currently its majority shareholder is Casino Group from France. The company has 418 stores and is present in 68 Colombian towns and cities.
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