Colombia Financial Services Sector Research Highlights

Analysis

Colombia offers new financial products to promote development and environmental sustainability
OBG
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Drawing on international best practice, public and private banks in Colombia have begun to develop financial products designed to promote environmental sustainability and achieve development goals. Beginning in 2016 the country has issued a series of green bonds to support environmental projects. Building on this experience, Colombia has more recently begun to issue new financial products aimed…

Overview

Inclusion in global indices stimulates capital market activity, but more is needed
OBG
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The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. In the new environment of higher interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they place their money. One way for developing nations to ensure that their financial markets can continue to attract…

Analysis

Colombia's venture capital investment bolstered by innovative start-ups
OBG
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Gross venture capital (VC) investment in Latin American start-ups reached a record $780m in the first half of 2018, representing year-on-year (y-o-y) growth of 63% from $476m. The total number of VC deals was similarly up by 61.1%, from 90 to 145, according to data from the Association for Private Capital Investment in Latin America (LAVCA). The association projected VC investment for all of…

Overview

New products and technology contribute to growth in Colombia's insurance sector
OBG
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On the back of strong economic growth and diversified distribution channels, the insurance industry in Colombia – the fifth largest in Latin America – is expected to post steady growth over the coming years. The expansion of the sector, however, is not anticipated to be as strong as previous years’ due after lower-than-expected tax returns following fiscal reform efforts that are under…

Overview

Private equity developments encourage dynamism in Colombia's capital markets
OBG
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A number of factors bode well for Colombia’s capital markets. The country has well-established sovereign fixed-income and corporate debt markets, while recent efforts to continue integrating new technology are expected to improve investor participation. Likewise, the acquisition of the Central Securities Depository (Depósito Centralizado de Valores, Deceval), a trading platform, by the Colombia…

Overview

Improving economic conditions prepare Colombia's banking sector for stable growth
OBG
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Despite Colombia’s subdued economic performance over recent years and slowing growth across all major lending segments, the banking sector has remained relatively resilient. Measures taken by the national government and the Central Bank of Colombia (Banco de la República de Colombia, BRC) appear to have enabled the sector to weather the storm, and improving economic conditions should pave…

Interview

David Bojanini, CEO, Grupo SURA: Interview
OBG
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Interview:David Bojanini What impact will recent reforms have on the country’s financial services sector? DAVID BOJANINI: While the recently passed tax reform reduced the corporate rate, it also applied a surcharge on financial institutions for a minimum of three years. Details on how this will affect different industries like banking or insurance are still needed. Furthermore, we are waiting…

Interview

Javier Díaz Fajardo, President, Bancóldex: Interview
OBG
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Interview:Javier Díaz Fajardo What is being done to support the growth of micro-, small and medium-sized enterprises? JAVIER DÍAZ FAJARDO: It is important to distinguish between each segment, as businesses face different challenges depending on their size. For example, our strategy for micro-enterprises involves partnerships with more than 86 micro-finance institutions, many of which are…

Interview

Juan Pablo Córdoba, President, Colombian Securities Exchange (Bolsa de Valores Colombia, bvc): Interview
OBG
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Interview:Juan Pablo Córdoba How would you assess the development of Colombia’s capital markets in recent years? JUAN PABLO CÓRDOBA: The equities market has not fared well in recent years. However, there has been growth across other segments, including bonds and derivatives. The market has faced headwinds from a number of factors in the last few years, including an overly complex fiscal…

Chapter

The Report: Colombia 2019: Financial Services
OBG
plus

The banking sector has already begun to show signs of improvement in line with macro economic indicators. Measures taken by the national government and the Central Bank of Colombia appear to have enabled the sector to weather the storm, and improving economic conditions should pave the way for a positive performance from the financial sector. Despite the slow evolution of equities trading, Colombia’s…

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Colombia Financial Services Sector Research Highlights

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