Bancolombia SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 26, 2020

SWOT analysis of Bancolombia analyses the brand by its strengths, weaknesses, opportunities & threats. In Bancolombia SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Bancolombia to benchmark its business & performance as compared to the competitors. Bancolombia is one of the leading brands in the banking & financial services sector.

The article below lists the Bancolombia SWOT (Strengths, Weaknesses, Opportunities, Threats), top Bancolombia competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

About Bancolombia

Bancolombia Overview
Parent Company

Bancolombia S.A.

Category

Regional Banks

Sector

Banking & Financial Services

Tagline/ Slogan

Qué tan alto quieresllegar (How high you want to go)

USP

Largest commercial bank in Colombia

Bancolombia STP
Segmentation

Corporate and Government Banking, Treasury, Mortgage Banking and Personal and Small and Medium-Sized Enterprises (SMEs) Banking

Target Market

Anyone in need of financial services of a bank

Positioning

Bank specialized in saving and current accounts, debit and credit cards, pension plans, mortgages, remittances delivery, consumer and commercial loans, and other banking operations

SWOT Analysis of Bancolombia

For Bancolombia, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position. Let us start the Bancolombia SWOT Analysis:

Bancolombia Strengths

The strengths of Bancolombia looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Bancolombia :

1. Largest commercial bank in Colombia
2. Upgraded rating by rating agencies

3. High No. of subsidiaries

4. Large branch network across the country

5. Good presence among retail as well as corporate customers

6. Over 16,000 strong employee force

Bancolombia Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Bancolombia SWOT Analysis:

1. Falling stock price
2. Reduced investor interest
3. Reputational risk in Latin American banks


Bancolombia Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Bancolombia SWOT Analysis:

1. Refinancing opportunities in the country
2. Expansion in Latin America
3. Acquisition opportunities in the continent

4. Growing banking sector of the country


Bancolombia Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Bancolombia are as mentioned:

1. Currency fluctuations
2. Global economic slowdown might affect the performance of the bank

Bancolombia Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 4 competitors of Bancolombia:

1.Banco de Bogota
2.Davivienda
3.BBVA

4. Banco de Occidente


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Bancolombia. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

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