Colombia

Financial sector profits grow

20-Jun-2012

On 13 June 2012, the Financial Superintendency released a report indicating that the financial sector posted profits of US$10.7 billion between January and April 2012. Assets in this sector, including funds administered by supervised financial entities, reached US$435.8 billion in April 2012, which translated into a real growth rate of 12.2 percent and a nominal growth rate of 16.1 percent. The biggest contributor to the asset growth rate came from investments, which registered a real growth rate of 8.2 percent and a nominal growth rate of 11.9 percent.

 

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