National Investment in Santander

Branches
ECONOMIC REPORT

May 2015- Number

CARIBBEAN

MAIN RESULTS

Companies find important sources of

income in Branches and Agencies which
become an extension for the commercial
operation of important businesses with
other main offices in different zones in
the country.

According to data in the Chamber of

commerce of Bucaramanga, there were
1,340 branches and agencies registered
on April 13th in 2014 belonging to other
departments in the country.
Currently, these Branches and Agencies
bring more than 25.4 Billion Pesos in
assets and their action in the economy
comes from commerce and services. It is
highlighted that 11,5% were established
before 1990 and these businesses have
developed along with the region. A
strong dynamics of new businesses was
also seen with the arrival of new companies since 2001.

6 new
From 2011 to 2014

100 B & A

8 AyS

$ 0.4 Billion Pesos

in Assets

$ 0,001 Billion
Pesos in Assets

East
ANTIOQUIA AND
EJE CAFETERO

67 new
From 2011 to 2014

207 B & A

27 new
From 2011 to 2014

1.340
25,4

$ 2.6 Billion
Pesos in Assets

55

B&A
$ 0.04 Billion
Pesos in Assets

Branches and
Agencies

Billion Pesos in Assets

63,7% 26,3% 10,0%

Size
Economic
Activity

Small

SMES

Before
1990

6,0%

93,7%

Primary

Secondary

Tertiary

36,4%

Within
Within
1991 and 2000 2001 and 2010
129

115

111

2012

2013

2014

97

New Branches
and Agencies Registered

Large

0,3%

11,5% 22,8%

Age of
Registry

No doubt Branches and Agencies register an important contribution in the business activities in Santander not only for
investment, employment and specialized
services but also because they indicate
that the Department grants an proper
environment for companies from other
areas of Colombia to gain value in Santander.

2011

29,3%
After
2011

Source : Chamber of Commerce of Bucaramanga .

Regions :
Caribbean: Atlntico, Bolvar, Cesar, Guajira, and
Magdalena.
Antioquia and Eje Cafetero: Antioquia, Caldas,
Quindo and Risaralda.
East: Amazonas, Cauca, Choco, Nario, Putumayo
and Valle del Cauca.
Center and Orinoquia: Cundinamarca, Huila and
Tolima.
West: Arauca, Boyac, Casanare, Meta, Norte de
Santander.
International: Chile, Mxico, Panam and
Venezuela.
Note :
The Total of Branches and Agencies are registered
from 1/1/2014 to 13/04/2015.

120

INTERNATIONAL

56 new
From 2011 to 2014

The decision to locate them in certain

places means these zones have relevant
characteristics for the generation of financial profits which consider competitiveness, safety, size of the market, affordability of the population, among others.
Therefore, regions in Colombia are moving to strengthening their current companies as well as to bringing new national and foreign companies.

Agencies

and

WEST

45 new
From 2011 to 2014

103 B & A
$ 0,3 Billion
Pesos in Assets

This is a publication by the Chamber of Commerce of Bucaramanga. Executive President Juan Camilo Beltrn Domnguez. Performed by the
Competitive Observatory. Director : Horacio Cceres Tristancho - horacio.caceres@camaradirecta.com - In collaboration of Saida Avellaneda Silva.

CENTER AND
ORINOQUA

251 new
From 2011 to 2014

867

B&A
$ 22,1 Billion
Pesos in Assets
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