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In 2024, Colombia’s financial infrastructure provided its services adequately, supporting the normal operation of the payment system and financial market transactions, and contributing to the preservation of financial stability.See the report (ony in Spanish)

Financial Infrastructure in ColombiaPayment Infrastructure in Financial MarketsIn 2023, Banco de la República’s (the Central Bank of Colombia) large-value payment system (Deposit Accounts System or CUD in Spanish) showed greater dynamism.

The monitoring of the local financial infrastructure is an additional contribution of Banco de la República (the Central Bank of Colombia) to the country’s financial stability. One of the outputs of this monitoring is the Payment Systems Report, which from this edition onwards changes its name to…

Translation available since: 2016 | Periodicity: Annualy

Banco de la República's monitoring of the local financial market infrastructure is an additional contribution to the country's financial stability. One of the products of that monitoring has been the Payment Systems Report, which is now known as the Financial Infrastructure Report. The change in…

Each edition of the report has four objectives: 1) to publicize a consolidated account of how the figures for payment infrastructures have evolved with respect to both financial assets and goods and services; 2) to summarize the issues that are being debated internationally and are of…

This paper analyses the role of a costly financial system in the transmission of monetary policy. The new-keynesian model for a small open economy is extended with a simple financial system based on Hamann and Oviedo (2006). The presence of the financial intermediation naturally allows the…

Since: 2009 | Periodicity: Quarterly

During the first quarter of 2025 (1Q25), global economy began to slow down, contrasting with the resilience observed in previous periods. This change was associated to new trade tensions between the US and its main partners, resulting in a downward revision of global growth expectations and an…

This paper has as main objective to build a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric aimed at…

Financial stability is understood as a situation in which the financial system (institutions, markets, and infrastructures) complies with three characteristics:

Colombia’s financial system has undertaken major changes during the last decade, with new regulatory regimes being implemented, as well as a significant expansion of financial services. Nevertheless, the recent literature has yet to analyze this new epoch for banking institutions under an…

Translation available since: 2002 | Periodicity: Semesterly

The analysis presented in this edition of the Report concludes that the Colombian financial system continues to maintain adequate capital and liquidity levels that are not only above the regulatory minimums, but, in the aggregate, would even be sufficient to face the materialization of extreme low-…

The main objective of Banco de la República (the Central Bank of Colombia) is to preserve the purchasing power of the currency, in coordination with the general economic policy, understood as the one intending to stabilize output and employment at sustainable long-term levels. The proper…

The Colombian financial system has not suffered major structural disruptions during these months of deep economic contraction and has continued to carry out its basic functions as usual, thus facilitating the economy's response to extreme conditions. This is the result of the soundness of financial…

Poco más de un año después del comienzo de una pandemia global, esta edición del Reporte de Estabilidad Financiera ofrece un balance del papel del sistema financiero en la respuesta de la economía colombiana a la emergencia sanitaria, así como un análisis de su situación de cara a la recuperación…

The special financial stability reports are published currently with the Financial Stability Report and provide a more detailed analysis of some aspects and risks relevant to the stability of the Colombian financial system: market liquidity risk, market risk, credit risk, debt burden, real estate…

AbstractThis study evaluates the financing mechanisms of the healthcare system, differentiating between resources of fiscal, parafiscal, and other origins used primarily to cover the costs of the contributory and subsidized health regimes. In recent years, the sector has faced financial and…

  Central National Government (CNG) This section presents two sets of information about income, expenses, interest, fiscal deficit (-) or fiscal surplus (+), and domestic and external funding for central national government (CNG) under two methodologies:

Non-Financial Public Sector (NFPS)   This section presents two sets of information about income, expenses, interest, fiscal deficit (-) or fiscal surplus (+), and domestic and external funding for non-financial public sector/1 under two methodologies:

Non-Financial Public Sector (NFPS)   This section presents two sets of information about income, expenses, interest, fiscal deficit (-) or fiscal surplus (+), and domestic and external funding for non-financial public sector1 under two methodologies:  

  Non-Financial Public Sector (NFPS)   This section presents two sets of information about income, expenses, interest, fiscal deficit (-) or fiscal surplus (+), and domestic and external funding for non-financial public sector1 under two methodologies:

  Treasury Bonds      Formats Treasury Bond