Analysis of the banking system in Colombia, and foreign investment opportunities.
Colombia's banks, which account for 60% of the country's gross domestic product, estimated at $360bn at the end of 2013, have "levels of solvency that are well above those required by Basel III, levels of liquidity that are also significant and high levels of profitability".
Despite these notable figures, Colombia's financial services market is relatively underdeveloped. In Colombia there are still opportunities for growth in consumer credits (Colombia's middle class, which has doubled in a decade, continues to grow), small and medium-sized enterprise lending, and, above all, at the low-income end of the micro-credit market. (TheBanker.com)