Quality of Banking System: According to CorpBanca's CEO Jaime Munita, Colombia’s banking system is growing at approximately 16 % on an annual basis; "We must also take into account the size of the local market in Colombia, which has a population of over 47 million people. This opens windows of opportunities to grow at strong rates. The country as a whole represents a very good opportunity to increase our balance sheet in a market that is growing very well economy-wise. It is one that is stable from a social and political point of view, and is proving increasingly attractive for investors seeking to make good on its potential".