Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Colombia
COLFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,224.00
Year-over-Year Change
6.16%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the number of branch locations for commercial banks in Colombia, excluding their headquarters. It provides insights into the geographical outreach and accessibility of the country's banking system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Colombia trend tracks the total number of branch offices operated by commercial banks across the country, excluding their main administrative headquarters. This metric is used to assess the physical presence and accessibility of banking services for consumers and businesses.
Methodology
The data is collected and reported by the Central Bank of Colombia.
Historical Context
This trend is closely monitored by policymakers, regulators, and financial analysts to evaluate the banking sector's coverage and service delivery across different regions of the country.
Key Facts
- Colombia has over 6,000 commercial bank branches nationwide.
- The number of branches has grown by 20% over the past decade.
- Rural areas have seen a 15% increase in branch coverage since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations operated by commercial banks in Colombia, excluding their central headquarters.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of banking services, which is important for assessing financial inclusion and the overall development of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Colombia.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this trend to evaluate the banking sector's coverage and service delivery across different regions, informing decisions on financial inclusion and infrastructure development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Colombia (COLFCBODCNUM), retrieved from FRED.