In 2017, Colombia’s banking sector continued to demonstrate resilience to tepid GDP growth, posting annual growth rates of 9% and 6% for total loans and total assets (measured in COP) respectively. In particular, mortgage loans experienced considerable expansion. In the context of weaker economic growth, profit margins decreased and delinquencies increased throughout the sector; however, solvency and liquidity remained high. Continuing efforts by banks and regulatory authorities to comply with the Basel III Framework have contributed to the robustness the sector has shown in recent years. At the start of 2018, the loan portfolio continued rising with consumer loans posting a real annualised growth of 4.6% at the end of Q1 2018, doubling the rate of real GDP growth of 2.2% of the same period. According to estimates by the Central Bank, bank loans are expected to increase by 12% y/y in nominal terms and total assets are forecast to expand by 11.5% y/y in 2018.

01 EXECUTIVE SUMMARY 

02 SECTOR IN 

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS 

05 REGULATORY ENVIRONMENT 

07 RETAIL CHANNELS