Banks in Colombia

Banks in Colombia
Summary

Banks in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
  • The Colombian banks industry group recorded assets of $271.1 billion in 2023, representing a compound annual growth rate (CAGR) of 3.9% between 2018 and 2023.
  • The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $194.6 billion, equivalent to 71.8% of the industry group's overall value.
  • In May 2024, the Bank of the Republic’s Board of Directors by a majority vote agreed to lower the benchmark policy interest rate by 50 basis points to 11.75%. This reduction in interest rates is supporting the demand for loans and therefore bank’s credit income.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Colombia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Colombia
  • Leading company profiles reveal details of key banks market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Colombia banks market with five year forecasts
Reasons to Buy
  • What was the size of the Colombia banks market by value in 2023?
  • What will be the size of the Colombia banks market in 2028?
  • What factors are affecting the strength of competition in the Colombia banks market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Colombia's banks market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Banco Bilbao Vizcaya Argentaria Colombia SA
8.2. Banco Davivienda SA
8.3. Banco de Bogota SA
8.4. Bancolombia S.A.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Colombia banks industry value: $ billion, 2018-23
Table 2: Colombia banks industry category segmentation: % share, by value, 2018-2023
Table 3: Colombia banks industry category segmentation: $ billion, 2018-2023
Table 4: Colombia banks industry geography segmentation: $ billion, 2023
Table 5: Colombia banks industry value forecast: $ billion, 2023-28
Table 6: Colombia banks industry share: % share, by value, 2023
Table 7: Banco Bilbao Vizcaya Argentaria Colombia SA: key facts
Table 8: Banco Bilbao Vizcaya Argentaria Colombia SA: Annual Financial Ratios
Table 9: Banco Bilbao Vizcaya Argentaria Colombia SA: Key Employees
Table 10: Banco Bilbao Vizcaya Argentaria Colombia SA: Key Employees Continued
Table 11: Banco Davivienda SA: key facts
Table 12: Banco Davivienda SA: Annual Financial Ratios
Table 13: Banco Davivienda SA: Key Employees
Table 14: Banco de Bogota SA: key facts
Table 15: Banco de Bogota SA: Annual Financial Ratios
Table 16: Banco de Bogota SA: Key Employees
Table 17: Bancolombia S.A.: key facts
Table 18: Bancolombia S.A.: Annual Financial Ratios
Table 19: Bancolombia S.A.: Key Employees
Table 20: Colombia size of population (million), 2019-23
Table 21: Colombia gdp (constant 2005 prices, $ billion), 2019-23
Table 22: Colombia gdp (current prices, $ billion), 2019-23
Table 23: Colombia inflation, 2019-23
Table 24: Colombia consumer price index (absolute), 2019-23
Table 25: Colombia exchange rate, 2019-23
List of Figures
Figure 1: Colombia banks industry value: $ billion, 2018-23
Figure 2: Colombia banks industry category segmentation: $ billion, 2018-2023
Figure 3: Colombia banks industry geography segmentation: % share, by value, 2023
Figure 4: Colombia banks industry value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the banks industry in Colombia, 2023
Figure 6: Drivers of buyer power in the banks industry in Colombia, 2023
Figure 7: Drivers of supplier power in the banks industry in Colombia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Colombia, 2023
Figure 9: Factors influencing the threat of substitutes in the banks industry in Colombia, 2023
Figure 10: Drivers of degree of rivalry in the banks industry in Colombia, 2023
Figure 11: Colombia banks industry share: % share, by value, 2023

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings