Dan"/>

Metroplex Mortgages

Jump to content.

Growing Banks In Colombia

May 21 2009A I think one more example of the level of maturity that is reaching the Colombian economy is what is happening in your banking system which makes it not matter to the crisis and continues to grow strongly focusing their eyes on the medium and long term. A wrong way of the world, Colombia’s banking sector continues to grow and generate profits for its economy. And for himself as well, which was faithfully reflected in the 20.9% increase in profits in the sector during the month of March. When I found the story in Money I wondered what the implications could be increased not only banking on businesses and individuals, but in the whole Colombian economy. This is exactly what I comment on this article.

The last months of 2008 and 2009, leading travel months have not been positive for Latin American economies in general and for the Colombian economy in particular. In spite of this, the Association of Banks and Financial Institutions of Colombia, reported that in the past year, 689. Colombians over age 929 and 100. 000 companies are unbanked. With this result, more than half of the adult population is unbanked and when in 2002 this percentage reached 39% of this population. Already, 15.8 million Colombians unbanked. The banking business is having a great time in Colombia, but still has a long way to go and become a mainstay of growth and development of the economy. Yet the depth of banking inter-mediation in Colombia is low.

Sorry, the comment form is closed at this time.


Read more

«
»