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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Economic activity in Latin America has shown signs of recovery during 2024 and 2025. According to the International Monetary Fund's updated World Economic Outlook released in January 2026, regional GDP is now projected to grow by 2.4% in 2025, ...
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In H1 2025, Colombia's food and beverage manufacturing recovered from the low-growth phase that characterised most of 2023-2024. GVA expanded due to fewer restrictions on the supply side: availability and pricing of key agricultural inputs improved, ...
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Latin America is a key pharmaceutical and healthcare market. The region's growing economies, coupled with an ageing population and increased life expectancy across the board, translate to an ever-growing demand for medicine and health-related ...
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The insurance sector in Colombia has evolved into a dynamic and increasingly competitive market, characterised by a diverse mix of local and international players that contribute to its steady expansion. The growing presence of global insurers, ...
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Policy support, improving consumer awareness and rising affordability have been fuelling the global electric vehicle (EV) market for more than a decade now. With sales rising in double digits, EVs are gradually eating up into the market share of ...
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Latin America remains an important element of global mineral markets, underpinned by its abundant natural resources and relatively low domestic consumption. From Chile's and Peru's copper to Brazil's iron ore and niobium, and Mexico's precious metals ...
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Colombia was the fourth largest pharmaceutical market in Latin America in 2024 in terms of sales value, with a 7.6% share of the Latin American market. The country has a large and growing population and a near-universal social security health ...
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During H1 2025, Colombia's construction sector displayed a combination of positive and negative outcomes. The sector's nominal gross value added (GVA) stood at COP 36.02tn, posting a real -3.29% y/y contraction, considerably lower than the economy's ...
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In Q2 2025, Colombia's GDP grew by 2.1% y/y in real terms, with private consumption remaining the main driver of growth. On the demand side, household spending rose from 0.9% y/y in Q2 2024 to 3.7% y/y in Q2 2025, supported by stronger purchases of ...
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Colombia is Latin America's fifth-largest vehicle market in terms of sales. However, in recent years, the country has virtually lost all of its vehicle manufacturing base, contracting from a peak of four assemblers in the past decade to a single ...
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