Colombia has launched what is known as the fourth generation (4G) road concession programme, which is a major public-private investment initiative. Work on designing the programme first began in 2011. The first 4G concessions were awarded four years later in 2015, with the first construction work commencing in November 2015.
Colombia’s banking system is strong and has been enjoying double-digit percentage growth in its loan portfolio. Despite a relative slowdown in economic growth, bank profitability has held up well, as has capital adequacy and return on equity (ROE).
How will the new tax reform and the financial transactions tax affect the banking sector? SARMIENTO: The tax reform, passed in December 2014, encompassed a tax on financial transactions, an equity tax and an increase in income tax. The first two were just extensions of existing taxes that were supposed to cease starting in 2015....
Colombia’s insurance sector has been enjoying strong growth, supported by the country’s underlying rate of economic expansion, a growing middle class, product development and the entry of new players into the industry, with growth being strongest in the life insurance segment of the market. However, penetration and density rates remain low. According to the Colombian Insurers Association,...
With a total market capitalization of $93.49bn in September 2015, the Bolsa de Valores de Colombia (BVC) is the fourth-largest stock exchange in Latin America, behind those of Brazil, Mexico and Chile but ahead of Peru’s. During the course of 2015 investor nervousness over emerging markets following the end of the commodities boom, coupled with rising US interest rates in December, prompted a...
Despite the current economic deceleration, Colombia’s banking sector remains strong, with bank profitability, capital adequacy and return on equity (ROE) indicators holding up well during 2015. Loan portfolio growth reached 15.5% that year, according to Colombia’s central bank, while non-performing loans rose to 3.08% at the end of August 2015. Meanwhile, the capital adequacy ratio fell to 15....
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