CHALLENGES OF THE COLOMBIAN BANKING SYSTEM IN ORDER TO IMPROVE THE FINANCIAL DEEPENING, RETOS DE LA BANCA COLOMBIANA PARA MEJORAR LA PROFUNDIZACION FINANCIERA

Jose Rodrigo Catica Barbosa, Mercedes Parra Alviz and Oscar Hernan Lopez Montoya

Revista Internacional Administracion & Finanzas, 2014, vol. 7, issue 4, 27-37

Abstract: This article analyzes basic reasons why the Colombian banking system has not reached true levels of welfare for the population of the country. The paper also describes diverse challenges that Colombian banks face in order to improve their level of financial deepening. The main analysis is developed from banking statistics or financial infiltration in Colombia for 2010 and 2011. The primary objective of the study is to describe challenges that the Colombian banking system must face to improve the reach levels of banking services. The importance is evident in cost of services, poor image of the banking system, poor care and poor access to the banking services, complaints indicators and the description of several factors that limit the access of different products and services to the Colombian population. Banks continue to regard these concerns as mere myths.

Keywords: Myths; Financial Deepening; Foreign Investment; Intermediation; Welfare (search for similar items in EconPapers)
JEL-codes: G14 G18 G20 G21 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v7n4-2014/RIAF-V7N4-2014-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:7:y:2014:i:4:p:27-37

Access Statistics for this article

Revista Internacional Administracion & Finanzas is currently edited by Terrance Jalbert

More articles in Revista Internacional Administracion & Finanzas from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).