Financial reform, crisis and consolidation in Colombia

Uribe, José Darío; Vargas-Herrera, Hernando

Financial reform, crisis and consolidation in Colombia

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Borradores de Economía; No. 204

Date published

2002-04-16

Date

2002-04-16

Authors

Uribe, José Darío
Vargas-Herrera, Hernando

Document language

spa

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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

Colombia’s financial system has experienced important transformations during the last two decades. In order to illustrate the most significant modifications, Tables 1 and 2 present a summary of the financial system’s structure during four different points in time: 1986- 1989, 1990, 1995, and 2001. Table 1 shows the assets of different types of banks (private domestic banks, foreign banks and state-owned banks), Savings and Loans corporations, and the rest of the financial system, all of them as a proportion of GDP. Table 2 complements the information by presenting the participation of each financial intermediary in the total assets of the financial system.