Percentage of Foreign Bank Assets Among Total Bank Assets for Colombia
DDOI14COA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-28.57%
Date Range
1/1/2005 - 1/1/2013
Summary
This economic trend measures the percentage of total banking assets in Colombia that are held by foreign-owned banks. It provides insight into the degree of foreign participation and influence in the Colombian banking sector.
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 percentage of foreign bank assets among total bank assets is an important indicator of financial openness and integration. It reflects the relative presence and dominance of foreign banks in a country's banking system, which can have implications for competition, risk, and the transmission of global financial conditions.
Methodology
The data is collected and calculated by the World Bank based on reports from national central banks and financial sector regulators.
Historical Context
Policymakers and analysts use this metric to assess the foreign exposure and vulnerability of a country's banking system.
Key Facts
- Colombia's foreign bank asset percentage was 18.8% in 2020.
- Foreign bank presence in Colombia has grown since the 1990s.
- The top foreign banks in Colombia include Scotiabank, Citibank, and BBVA.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total banking assets in Colombia that are held by foreign-owned banks, providing insight into the degree of foreign participation in the Colombian banking sector.
Q: Why is this trend relevant for users or analysts?
A: The foreign bank asset percentage is an important indicator of a country's financial openness and integration, with implications for competition, risk, and the transmission of global financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from national central banks and financial sector regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the foreign exposure and vulnerability of a country's banking system.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not fully capture all foreign bank assets in some countries.
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Citation
U.S. Federal Reserve, Percentage of Foreign Bank Assets Among Total Bank Assets for Colombia (DDOI14COA156NWDB), retrieved from FRED.