List of Banks in Colombia and Private banking Services

Economy—overview: Colombia is recovering from a short recession that began in late 1996 - resulting from tight monetary policy to drive down inflation declining business confidence related to President SAMPER's political difficulties and a slowdown in exports stemming from an appreciation of the peso and a recession in neighboring Venezuela. Although 1997's 3.1% GDP growth rate represented an improvement over 1996 it ranked among the lowest in Latin America and was substantially lower than the average annual growth rate exceeding 4% that Colombia posted for several decades prior to SAMPER's election. Colombia's next president will inherit a variety of economic problems. Most notably the unemployment rate is at its highest level this decade risks for the export sector and foreign investors are rising as a result of increasing guerrilla violence and a volatile exchange rate and the fiscal deficit has more than tripled since 1994. GDP: purchasing power parity—$231.1 billion (1997 est.)

 

GDP—real growth rate: 3.1% (1997 est.)

 

GDP—per capita: purchasing power parity—$6 200 (1997 est.)

 

GDP—composition by sector:

 

agriculture: 19%

 

industry: 26%

 

services: 55%

 

Inflation rate—consumer price index: 17.7% (1997 est.)

 

Labor force:

 

total: 16.8 million (1997 est.)

 

by occupation: services 46% agriculture 30% industry 24% (1990)

 

Unemployment rate: 12.2% (1997 est.)

 

Budget:

 

revenues: $26 billion (1996 est.)

 

expenditures: $30 billion including capital expenditures of $NA (1996 est.)

 

Industries: textiles food processing oil clothing and footwear beverages chemicals cement; gold coal emeralds

 

Industrial production growth rate: -1.2% (1996)

 

Electricity—capacity: 10.781 million kW (1995)

 

Electricity production- 47 billion kWh (1995)

 

Electricity—consumption per capita: 1 307 kWh (1995)

 

Agriculture—products: coffee cut flowers bananas rice tobacco corn sugarcane cocoa beans oilseed vegetables; forest products; shrimp farming

 

Exports:

 

total value: $11.4 billion (f.o.b. 1997 est.)

 

commodities: petroleum coffee coal bananas fresh cut flowers

 

partners: US 39% EC 25.7% Japan 2.9% Venezuela 8.5% (1992)

 

Imports:

 

total value: $13.5 billion (c.i.f. 1997 est.)

 

commodities: industrial equipment transportation equipment consumer goods chemicals paper products

 

partners: US 36% EC 18% Brazil 4% Venezuela 6.5% Japan 8.7% (1992)

 

Debt—external: $17.1 billion (1997 est.)

 

Economic aid:

 

recipient: ODA $30 million (1993)

 

Currency: 1 Colombian peso (Col$) = 100 centavos

 

Exchange rates: Colombian pesos (Col$) per US$1—1345.0 (February 1998) 1 140.96 (1997) 1 036.69 (1996) 912.83 (1995) 844.84 (1994) 863.06 (1993)

 

Fiscal year: calendar year

 

If you have $300,000 USD or more that you would like to safeguard for now and for the future we can offer you a free consultation.

 

A Toda Hora

Abn Amro Bank Colombia

Asobancaria

Banco de la Republica de Colombia

Banco de Occidente

Banco Popular 

Bancoldex S.A.

Banco Santander Colombia 

Conavi

Corporación Financiera del Valle 

Davivienda

Grupo Aval

Servibanca

Superintendencia Bancaria de Colombia

Superintendencia de Sociedades