Number of Depositors at Commercial Banks in Latin America by Country

In 2024, Colombia leads Latin America with 1.83 depositors per million persons, followed by Costa Rica at 1.64 and Suriname at 1.59. Over 2023, Argentina saw the highest increase at 4.99%, while Dominican Republic and Ecuador experienced decreases of -1.57% and -4.01%, respectively. Key trends show varying growth rates over the last five years, indicating regional differences in depositor behavior and economic conditions.

Future trends to watch include:

• The impact of digital banking advancements on depositor rates, particularly in countries with lower rates like Haiti and Nicaragua.
• Economic policies and stability affecting depositor confidence, especially in emerging markets such as Paraguay and Peru.
• Potential shifts due to financial inclusion initiatives particularly in underbanked regions.
• The role of inflation and interest rates across different economies influencing depositor decisions.