Servicios
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The purpose of the Financial Stability Report is to present Banco de la República (the Central Bank of Colombia)'s assessment of the recent performance of credit institutions and their borrowers, as well as the main risks and vulnerabilities that could affect the financial stability of the…
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Introduction
Banco de la República’s main goal is to preserve the purchasing power of the currency in coordination with the general economic policy that is intended to stabilize output and employment at long-term sustainable levels.
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In compliance with Article 5, Act of Congress 31/1992, the Board of Directors of Banco de la República hereby submits to the Congress of the Republic of Colombia their Report to Congress on the macroeconomic results for the fi rst half of 2022 and the outlook for what remains of the year for its…
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This special report analyzes the combined dynamics of the real estate market in Colombia and its credit portfolio with the purpose of identifying potential sources of risk that could affect economic and financial stability. In particular, the behavior of variables associated with the sector, its…
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In an increasingly globalized world, it is common for companies, governments, and households to make transactions in currencies other than those of their own economy. This type of capital movement makes it possible, for example, to increase current spending, finance capital expansion projects, and…
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Throughout 2021, Banco de la República participated, together with the other safety net authorities of the Colombian financial system, in the Financial Sector Assessment Program (FSAP) coordinated by the International Monetary Fund (IMF) and the World Bank (WB). This box briefly describes the main…
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This report analyzes the credit risk exposure and performance of credit institutions as of March 2022. With the recovery of economic activity, portfolio quality indicators continued to improve. The loan portfolio also grew at an accelerated rate. The Financial Stability Report for the first half of…
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Financial inclusion is the process of integrating financial services into the daily economic activities of the population, which can contribute to economic growth to the extent that it reduces financing and transaction costs and offers secure and efficient management of resources, both for…
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A relevant part of the liquidity management of financial institutions in Colombia is made through transactions in the money market, both collateralized and uncollateralized. The collateralized market includes transactions such as repo, simultaneous, temporary transfer of securities (TTV in Spanish…
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The purpose of this report is to measure the volatility transmission among the stock and the public and private debt markets to identify whether a market was a generator or receiver of volatility at a given point in time. Subsequently, the three markets’ overnight value-at-risk (VaR) is estimated…
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1.1 Macroeconomic summarySeveral factors contributed to an increase in projected inflation on the forecast horizon, keeping it above the target rate. These included inflation in December that surpassed expectations (5.62%), indexation to higher inflation rates for various baskets in the…
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1. Summary1.1. Macroeconomic summaryIn the second quarter, annual inflation (9.67%), the technical staff’s projections and its expectations continued to increase, remaining above the target. International cost shocks, accentuated by Russia's invasion of Ukraine,…
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In compliance with Act of Congress 31/1992, Article 5, the Board of Directors of Banco de la República hereby submits to the Congress of the Republic of Colombia a detailed report on the measures that Banco de la República has taken in the emergency situation generated by Covid-19 and presents the…
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1.1 Macroeconomic summaryIn September, headline inflation (11.4% annually) and the average of core inflation indicators (8.6% annually) continued on a rising trend, and higher increases than expected were recorded. Forecasts increased again, and inflation expectations remained above 3%.…
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In recent years, the institutions of the Colombian financial system have expanded their operations and have made their ownership structures more complex given the presence of different financial groups in various lines of business (such as banking intermediation).
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In a macroeconomic context of high inflation and high interest rates, demand for new housing units has weakened while supply has shown slight signs of recovery. This has reduced the pressures on new housing prices that have been reported in previous editions of this report. When considering a price…
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As a complement to the analysis presented in Chapter 2 for insurance companies with respect to the development of their portfolio, profitability, and capital adequacy, this box provides an account of the performance of insurance policies issuance, claims, and operational profitability by line of…
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This box analyzes the recent changes in a battery of indicators on the financial position of households and their trends with respect to their historical behavior. These indicators were calculated based on the quarterly national accounts by institutional sector published by DANE and the financial…
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La presencia de descalces cambiarios es un factor que puede incrementar la vulnerabilidad externa de la economía por la vía de la inversión, el crecimiento, la liquidez y la solvencia de las firmas que se ven sometidas a este fenómeno. En el Recuadro 1 del Reporte de Estabilidad Financiera del…
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This report analyzes the level of concentration in the credit and deposit markets, given the importance of this aspect in credit and liquidity risks. Likewise, it presents an additional analysis to determine the degree of competition among financial intermediaries in the credit market..
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This report analyzes the credit risk exposure and performance of credit institutions as of September 2022. In line with the sustained economic recovery observed so far this year, commercial loans, consumer loans, and microcredits show high growth rates above their historical levels. In turn, the…
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The dynamics of the main markets in which the financial system participates (e.g., credit, deposits, and fund management, among others) are closely linked to the behavior of the household sector, given its preponderant role in each of them. Considering the above and the high growth in credit for…
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Monitoring the macroeconomic and financial outlook of Central American economies has become increasingly important with the expansion of Colombian banks in these countries in recent years, particularly in Costa Rica, El Salvador, Guatemala, Honduras, Panama, and Nicaragua. The macroeconomic…
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A relevant part of the liquidity management of financial institutions in Colombia is made through transactions in the money market, both collateralized and uncollateralized. The collateralized market includes transactions such as repo, simultaneous, temporary transfer of securities (TTV in Spanish…
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