The number of Colombians who are part of the financial system keeps advancing, and as of 2010, 62% of the adult population had at least one financial product, a new study from banking association Asobancaria shows.
This represents an increase of 10.7% when compared to 2009, and a 31.8% increase from 2006, when the association published its first report on financial inclusion.
The biggest expansion took place in the consumer loan segment, which saw a 13.3% increase to nearly 4.08mn transactions.
The largest segment continues to be savings accounts, which had close to 17.5mn accounts at the end of 2010, up 11.5% on the previous year.
The number of credit cards saw an increase of 10.5% last year to 5.2mn, the study shows.
To read the full Asobancaria study in Spanish, go to this link