Summary
Banks in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- 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. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Colombian banking industry recorded assets of $309.1 billion in 2024, representing a compound annual growth rate (CAGR) of 7.3% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $223.0 billion, equivalent to 72.2% of the industry's overall value.
- The growth of the Colombian banking industry is strongly driven by the expanding economy, which fuels demand for credit, deposits, and other banking services.
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 2024?
- What will be the size of the Colombia banks market in 2029?
- What factors are affecting the strength of competition in the Colombia banks market?
- How has the market performed over the last five years?
- Who are the top competitors in Colombia's banks market?
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Table of Contents
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. Bancolombia SA
8.2. Banco Davivienda SA
8.3. Banco Bilbao Vizcaya Argentaria Colombia SA
8.4. Banco de Bogota SA
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, 2019-24
Table 2: Colombia banks industry category segmentation: % share, by value, 2019-24
Table 3: Colombia banks industry category segmentation: $ billion, 2019-24
Table 4: Colombia banks industry geography segmentation: $ billion, 2024
Table 5: Colombia banks industry value forecast: $ billion, 2024-29
Table 6: Colombia banks industry share: % share, by value, 2024
Table 7: Bancolombia SA: Key Facts
Table 8: Bancolombia SA: Annual Financial Ratios
Table 9: Bancolombia SA: Key Employees
Table 10: Banco Davivienda SA: Key Facts
Table 11: Banco Davivienda SA: Annual Financial Ratios
Table 12: Banco Davivienda SA: Key Employees
Table 13: Banco Bilbao Vizcaya Argentaria Colombia SA: Key Facts
Table 14: Banco Bilbao Vizcaya Argentaria Colombia SA: Annual Financial Ratios
Table 15: Banco Bilbao Vizcaya Argentaria Colombia SA: Key Employees
Table 16: Banco Bilbao Vizcaya Argentaria Colombia SA: Key Employees Continued
Table 17: Banco de Bogota SA: Key Facts
Table 18: Banco de Bogota SA: Annual Financial Ratios
Table 19: Banco de Bogota SA: Key Employees
Table 20: Colombia Size of Population (Million), 2020-24
Table 21: Colombia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Colombia GDP (Current Prices, $ Billion), 2020-24
Table 23: Colombia Inflation, 2020-24
Table 24: Colombia Consumer Price Index (Absolute), 2020-24
Table 25: Colombia Exchange Rate, 2019-24
List of Figures
Figure 1: Colombia banks industry value: $ billion, 2019-24
Figure 2: Colombia banks industry category segmentation: $ billion, 2019-24
Figure 3: Colombia banks industry geography segmentation: % share, by value, 2024
Figure 4: Colombia banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Colombia, 2024
Figure 6: Drivers of buyer power in the banks industry in Colombia, 2024
Figure 7: Drivers of supplier power in the banks industry in Colombia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Colombia, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Colombia, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Colombia, 2024
Figure 11: Colombia banks industry share: % share, by value, 2024
