BNamericas takes a look at the outlook of the local banking sector, from the political upheaval to loan growth, deposits, profitability and financial inclusion.
Allowing clients to set aside funds for recurring charges, the new Apartados product saw movements of US$700mn in the first three months of its launch.
Colombia's finance minister Mauricio Cárdenas on Friday called for a global relief effort in the crisis-ravaged South American country, where the monthly minimum wage fell below US$1 this week.
Lula's corruption conviction may not be enough to derail his candidacy, while the second most popular presidential candidate, Jair Bolsonaro, has also criticized much needed reforms.
The economic recovery will see banks turning more aggressive in terms of granting new loans.
Moody's Investors Service cited benefits from lower corporate tax rates, but also the adverse effects of an income tax on interest earnings.