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Credit Unions in Colombia

  • May 2014
  • -
  • MarketLine
  • -
  • 27 pages

Summary

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Introduction

Credit Unions in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Colombia credit unions market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*Credit unions are member-owned, not-for-profit financial cooperatives that provide savings, credit and other financial services to their members.
The members of a credit union share a common bond, such as living in the same region. Credit unions do not raise funds from sources other than their members' savings. There are no outside shareholders, and each union is run by directors elected by its members.
Cooperative banks are similar to credit unions, but members need not to share a common bond, financial products may be offered to non-members, and a certain amount of capital may be raised from sources other than savings. As a result cooperative banks are not included in this report.
Values relate to total assets held by credit unions in the relevent country at year end, whilst volumes relate to total members (customers) of credit unions.
Any currency conversions used in the creation of this report have been calculated using constant 2013 annual average exchange rates.

*The Colombian credit unions sector had total assets of $4.5bn in 2013, representing a compound annual growth rate (CAGR) of 3.3% between 2009 and 2013.

*The number of members increased with a CAGR of 5.2% between 2009 and 2013, to reach a total of 2,301.4 thousand members in 2013.

*The performance of the sector is forecast to accelerate slightly, with an anticipated CAGR of 3.6% for the five-year period 2013 - 2018, which is expected to drive the sector to a value of $5.4bn by the end of 2018.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit unions market in Colombia

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit unions market in Colombia

Leading company profiles reveal details of key credit unions market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Colombia credit unions market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the Colombia economy

Key Questions Answered

What was the size of the Colombia credit unions market by value in 2013?

What will be the size of the Colombia credit unions market in 2018?

What factors are affecting the strength of competition in the Colombia credit unions market?

How has the market performed over the last five years?

How large is Colombia’s credit unions market in relation to its regional counterparts?

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