Only 1 in 3 Colombians has savings account: World Bank
No more than one third of Colombia’s population has a savings account, a report by the World...
Tag: financial sector
Financial sector resists adopting central bank rates
Colombia’s financial sector has resisted lowering mortgage rates in accordance with the central bank interest rate cut to 3.25%, the bank’s most recent cut in March. “The central bank has developed an...
Colombia’s financial sector posts big profits in 2012
Colombia’s financial sector posted profits of $10.7 billion between January and April. According to a report by the Financial Superintendence, in the first four months of 2012 the Colombian financial industry made $10.7 billion,...
Colombian regulator warns of ‘consumer euphoria’
Colombia’s chief financial regulator has warned of the fast increase in consumer credit and bad loans, in an interview with La Republica newspaper. Financial Superindendent Gerardo Hernandez said continued economic growth...
Colombian banks make record $3.8B profit in 2011
Colombian banks made a record $3.8 billion profit in 2011, an increase of $560 million on last year. The country’s Financial Superintendent revealed the growing banking industry sector in its annual report Tuesday....
Financial sector posts earnings of $31.51B for 2010
The Colombian financial sector earned $31.51 billion in 2010, newspaper La Republica reported Friday. This result corresponds for the most part to the posted gains of pension funds and credit facilities, of $15.71 billion and...
