Colombia Banks Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.
• The Colombian banks industry group had total assets of $193.1 billion in 2022, representing a compound annual growth rate (CAGR) of 5.3% between 2017 and 2022.
• The bank credit segment accounted for the industry group's largest proportion in 2022, with total assets of $139 billion, equivalent to 72% of the industry group's overall value.
• According to the OECD, the long-term interest rates of Colombian banks had increased significantly during the historic period, from 6.8% per annum in December 2017 to 12.3% per annum in January 2023.

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 by both value and volume

Reasons to Buy

• What was the size of the Colombia banks market by value in 2022?
• What will be the size of the Colombia banks market in 2027?
• 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?