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Journal of Engineering and Applied Sciences
Year: 2018  |  Volume: 13  |  Issue: 8 SI  |  Page No.: 6346 - 6349

Indicators of Financial Coverage in Colombia (March 2017)

Jenny-Paola Lis-Gutierrez, Jairo Enrique Santander-Abril, Amelec Viloria, Edwin Alexandre Cano Otero, Nadia Angelica Gisela Leon Castro and Osman Enrique Redondo Bilbao    

Abstract: This study intends to evaluate the coverage of financial services in the country, through an analysis of the departmental and municipal location of the offices of the different types of credit establishments and banking correspondents, according to the information available to March 2017. It was identified that for each office in the Colombian territory there were 12 banking correspondents. Both types of points of contact were concentrated especially in cities, agglomerations and territorial entities of intermediate rurality. Likewise, it was evidenced that the progress in geographic coverage has occurred through the dispersion of bank correspondents which are found in 243 municipalities (21.66% of the total in Colombia) that do not have financial offices. Despite this, there are still 16 municipalities (1.4%) without any coverage.

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