Purchases / Sales of TES and Foreign Currency, and TES Holdings by Banco de la República - December 2025
Banco de la República (the Central Bank of Colombia, BanRep) informs that in December 2025 it made outright purchases of TES B in the market for COP 285.6 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the monetary base, as well as to help in keeping the Overnight Benchmark Banking Indicator (IBR by its acronym in Spanish) aligned with the monetary policy rate determined by the Board of Directors of the Central Bank.
At the end of December 2025, the outstanding balance of TES held by BanRep was COP 37,014.2 billion (value at market prices).
BanRep’s TES portfolio (expressed in nominal terms) is composed of peso-denominated TES (COP 35,310.0 billion) and UVR-denominated TES (UVR 19.4 billion).
In January 2026, none of the TES B held by BanRep expires.
- The TES portfolio holdings of BanRep at the end of June 2025 are presented below:
| MATURITY | COP | UVR |
| Up to 2 years: | 2,877.6 | 2.3 |
| From 2 to 5 years: | 3,286.4 | 1.4 |
| Greater than 5 years: | 20,097.5 | 12.1 |
| TOTAL | 26,261.5 | 15.8 |
| Nominal Value, COP billion | ||
- Regarding the foreign exchange market, in December 2025, BanRep did not perform any sale or purchase.
