Browsing by Author "Financial Stability Department"
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Financial Stability Report - First Half of 2019(Banco de la República) Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Systemic Risks Section; Mendoza-Gutiérrez, Juan Carlos; Cabrera-Rodríguez, Wilmar-Alexander; Cardozo-Alvarado, Nathali; Cely-Fernández, Jorge Humberto; Gamba-Santamaría, Santiago; Jaulín-Méndez, Oscar Fernando; Lizarazo-Cuellar, Angélica María; Mariño-Montaña, Juan Sebastián; Meneses-González, María Fernanda; Quicazán-Moreno, Carlos Andrés; Segovia-Baquero, Santiago David; Yanquen, EduardoThis Financial Stability Report presents the appreciation of Banco de la República (the Central Bank of Colombia) on the recent performance of credit institutions and their debtors, as well as on the main risks and vulnerabilities that could have some effect on the financial stability of the Colombian economy. The Report intends to inform both participants in financial markets and the general public, besides promoting public debate on the trends and risks that may affect the financial system. The results herein presented also serve the monetary authority as an input in their decision-making to promote financial stability within the general context of the objectives of price stability and macroeconomic stability. 1. The financial system completed the process of adjustment to the macroeconomic shocks that have been observed since 2014: - Credit Risk - Lower profitability than the historical average - Low credit growth 2. The Colombian economy has a resilient financial system. This, together with recent advancements in prudential regulation, make it unlikely that domestic credit conditions may become a source of macroeconomic disturbance. 3. The economic recovery has allowed for: - Lower growth of non-performing loans - Lower growth of risky loans - Recovery of profitability - A trend towards a slight recovery in credit growth 4. The expected widening of the current account deficit of the Colombian economy and the latent risk of lower-than-expected growth for some trading partners pose vulnerabilities that, in the face of negative shocks, could affect the stability of the financial system. 5. Credit risk continues to materialize in sectors such as construction and agriculture; at the same time, its intensity has reduced in housing debt. Box 1. Indicator of Additional Probability of Recession Box 2. Aggregate Vulnerability Indicator Box 3. Indicator of Financial Conditions Box 4. The Role of the Supervisor in the Reversal of the Recent Deterioration in the Loan Portfolio Box 5. An Analysis of Financial Vulnerability using the Heuristic Method Box 6. Foreign Exchange Position and Capital Adequacy Ratio Box 7. Considerations Regarding the Memory of Credit BureausReportes, Boletines e Informes. 2025-05-28Financial Stability Report - First Half of 2019Item Open AccessFinancial Stability Report - First Half of 2022(Banco de la República) Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Liquidity Support and Risk Control Section; Cardozo-Alvarado, Nathali; Systemic Risk Surveillance Section; Cabrera-Rodríguez, Wilmar-Alexander; Cely-Fernández, Jorge Humberto; Chipatecua-Peralta, Orlando; Clavijo-Ramírez, Felipe; Gamba-Santamaría, Santiago; Gómez-Molina, Andrés Camilo; Gualtero-Briceño, Daniela; Meneses-González, María Fernanda; Lizarazo-Cuellar, Angélica María; Narváez, Alida; Piñeros-Gordo, José Hernán; Pirateque-Niño, Javier Eliecer; Rodríguez-Novoa, Daniela; Sánchez-Quinto, Camilo Eduardo; Sarmiento-Paipilla, Néstor Miguel; Segovia-Baquero, Santiago DavidReportes, Boletines e Informes. 2023-09-25Financial Stability Report - First Half 2022Item Open AccessFinancial Stability Report - Second Semester of 2020(Banco de la República) Banco de la República de Colombia; Echavarría, Juan José; Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Systemic Risks Assessment Section; Cabrera-Rodríguez, Wilmar-Alexander; Liquidity Support and Risk Control Section; Cardozo-Alvarado, Nathali; Cely-Fernández, Jorge Humberto; Clavijo-Ramírez, Felipe; Gamba-Santamaría, Santiago; Gómez-Molina, Andrés Camilo; Gualtero-Briceño, Daniela; Meneses-González, María Fernanda; Lizarazo-Cuellar, Angélica María; Narváez, Alida; Pirateque-Niño, Javier Eliecer; Rodríguez-Novoa, Daniela; Sánchez-Quinto, Camilo Eduardo; Sarmiento-Paipilla, Néstor Miguel; Segovia-Baquero, Santiago David; Yanquen, EduardoReportes, Boletines e Informes. 2021-03-09Financial Stability Report - II Semester 2020Item Open AccessQuarterly Update of the Financial Stability Report – September 2024(Banco de la República) Office of the Deputy Technical Governor; Office for Monetary Operations and International Investments; Financial Stability DepartmentThis document provides an update on the main risks faced by the local financial system. It assesses the quarterly evolution of vulnerabilities identified in the Financial Stability Report for the first half of 2024: i) sudden changes in global financial conditions; ii) materialization of credit risk; and iii) deterioration in the performance of financial institutions. Additionally, this update seeks to inform financial market participants and the public about the main risk mitigants and to present the in-depth analyses that will be featured in the Special Reports on Financial Stability and the Financial Stability Report for the second half of 2024.Reportes, Boletines e Informes. 2024-09-17Actualización trimestral del Reporte de Estabilidad Financiera – Septiembre de 2024Item Open AccessFinancial Stability Report - Second Half of 2024(Banco de la República) Office of the Deputy Technical Governor; Office for Monetary Operations and International Investments; Financial Stability DepartmentReportes, Boletines e Informes. 2025-07-11Financial Stability Report - Second Half of 2024Item Open AccessFinancial Stability Report - Second Half of 2022(Banco de la República) Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Murcia-Pabón, Andrés; Financial Stability Department; Quicazán-Moreno, Carlos Andrés; Liquidity Support and Risk Control Section; Cardozo-Alvarado, Nathali; Systemic Risk Surveillance Section; Cabrera-Rodríguez, Wilmar-Alexander; Cely-Fernández, Jorge Humberto; Chipatecua-Peralta, Orlando; Clavijo-Ramírez, Felipe; Cuesta-Mora, Diego Fernando; Escobar-Villarraga, Mariana; Gómez-Molina, Andrés Camilo; Gualtero-Briceño, Daniela; Mariño-Montaña, Juan Sebastián; Meneses-González, María Fernanda; Lizarazo-Cuellar, Angélica María; Narváez, Alida; Piñeros-Gordo, José Hernán; Pirateque-Niño, Javier Eliecer; Rodríguez-Novoa, Daniela; Sánchez-Quinto, Camilo Eduardo; Sarmiento-Paipilla, Néstor Miguel; Escobar-Villarraga, MarianaReportes, Boletines e Informes. 2023-09-11Financial Stability Report - Second Half of 2022Item Open AccessFinancial Stability Report - Second Semester 2018(Banco de la República) Echavarría, Juan José; Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Systemic Risks Section; Mendoza-Gutiérrez, Juan Carlos; Cabrera-Rodríguez, Wilmar-Alexander; Cardozo-Alvarado, Nathali; Cely-Fernández, Jorge Humberto; Gamba-Santamaría, Santiago; Jaulín-Méndez, Oscar Fernando; Lizarazo-Cuellar, Angélica María; Mariño-Montaña, Juan Sebastián; Meneses-González, María Fernanda; Quicazán-Moreno, Carlos Andrés; Segovia-Baquero, Santiago David; Yanquen, EduardoEste Reporte de Estabilidad Financiera cumple el objetivo de presentar la apreciación del Banco de la República sobre el desempeño reciente de los establecimientos de crédito y sus deudores, así como sobre los principales riesgos y vulnerabilidades que podrían tener algún efecto sobre la estabilidad financiera de la economía colombiana. Con este objetivo se pretende informar a los participantes en los mercados financieros y al público, además de promover el debate público sobre las tendencias y los riesgos que atañen al sistema financiero. Los resultados aquí presentados sirven también a la autoridad monetaria como base para la toma de decisiones que permitan promover la estabilidad financiera en el contexto general de los objetivos de estabilidad de precios y estabilidad macroeconómica. 1. Sistema financiero avanza en proceso de ajuste a choques macroeconómicos desde 2014: – Baja rentabilidad – Bajo crecimiento de la cartera 2. Se ha hecho evidente la resiliencia de las entidades financieras, que han mantenido indicadores sólidos de solvencia y de liquidez durante todo el proceso de ajuste. 3. La recuperación económica ha mitigado gradualmente las principales vulnerabilidades de corto plazo para la estabilidad del sistema financiero identificadas hace seis meses: – Menor crecimiento de cartera vencida – Menor crecimiento de cartera en riesgo 4. La principal vulnerabilidad que enfrenta actualmente la estabilidad financiera de la economía colombiana es el riesgo de mayores restricciones en el financiamiento externo de la economía en un contexto de incrementos de las tasas de interés globales y posibles turbulencias en economías emergentes, con los consecuentes efectos potenciales sobre la demanda agregada. 5. Continúa observándose una materialización del riesgo de crédito en sectores económicos como la construcción y la agricultura y, en menor medida, en la cartera de vivienda.Reportes, Boletines e Informes. 2019-04-12Financial Stability Report - II Semester 2018Item Open AccessFinancial Stability Report - First Semester 2018(Banco de la República) Echavarría, Juan José; Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Morales-Acevedo, Paola; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Systemic Risks Section; Mendoza-Gutiérrez, Juan Carlos; Cardozo-Alvarado, Nathali; Cely-Fernández, Jorge Humberto; Clavijo-Ramírez, Felipe; Gamba-Santamaría, Santiago; Jaulín-Méndez, Oscar Fernando; Lizarazo-Cuellar, Angélica María; Mariño-Montaña, Juan Sebastián; Meneses-González, María Fernanda; Pacheco-Bernal, Daisy Johana; Quicazán-Moreno, Carlos Andrés; Segovia-Baquero, Santiago David; Yanquen, Eduardo; Blanco, Santiago; Parra, Luis Eduardo1.La recuperación económica ha mitigado gradualmente las principales vulnerabilidades de corto plazo para la estabilidad del sistema financiero. 2.Los establecimientos de crédito continúan manteniendo indicadores sólidos de solvencia y liquidez, pese a la reducción en la rentabilidad y al bajo crecimiento del volumen de crédito. 3.Las principales vulnerabilidades para la estabilidad financiera están asociadas con: •El efecto rezagado del bajo crecimiento económico sobre la materialización del riesgo de crédito. •El riesgo de un menor crecimiento económico en el futuro cercano. 4.Al cierre de 2017 se observan menores incrementos en la cartera riesgosa y vencida del sector corporativo y de los hogares colombianos.Reportes, Boletines e Informes. 2019-04-12Financial Stability Report - I Semester 2018Item Open AccessFinancial Stability Report - First Semester of 2020(Banco de la República) Banco de la República de Colombia; Echavarría, Juan José; Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Cardozo-Ortiz, Pamela Andrea; Financial Stability Department; Osorio-Rodríguez, Daniel Esteban; Systemic Risks Assessment Section; Cabrera-Rodríguez, Wilmar-Alexander; Liquidity Support and Risk Control Section; Cardozo-Alvarado, Nathali; Cely-Fernández, Jorge Humberto; Clavijo-Ramírez, Felipe; Gamba-Santamaría, Santiago; Gómez-Molina, Andrés Camilo; Gualtero-Briceño, Daniela; Mariño-Montaña, Juan Sebastián; Meneses-González, María Fernanda; Narváez, Alida; Rodríguez-Novoa, Daniela; Sánchez-Quinto, Camilo Eduardo; Sarmiento-Paipilla, Néstor Miguel; Segovia-Baquero, Santiago David; Yanquen, EduardoReportes, Boletines e Informes. 2021-03-03Financial Stability Report - I Semester 2020Item Open AccessFinancial Stability Report - First Half of 2023(Banco de la República) Office of the Deputy Technical Governor; Vargas-Herrera, Hernando; Office for Monetary Operations and International Investments; Murcia-Pabón, Andrés; Financial Stability Department; Quicazán-Moreno, Carlos Andrés; Liquidity Support and Risk Control Section; Patiño-Echeverri, Lina Vanessa; Systemic Risk Surveillance Section; Mariño-Montaña, Juan Sebastián; Cely-Fernández, Jorge Humberto; Chipatecua-Peralta, Orlando; Clavijo-Ramírez, Felipe; Cuesta-Mora, Diego Fernando; Escobar-Villarraga, Mariana; Gómez-Molina, Andrés Camilo; Gualtero-Briceño, Daniela; Meneses-González, María Fernanda; Narváez, Alida; Piñeros-Gordo, José Hernán; Pirateque-Niño, Javier Eliecer; Rodríguez-Novoa, Daniela; Rozada-Najar, Angie; Sánchez-Quinto, Camilo Eduardo; Sarmiento-Paipilla, Néstor Miguel; Yanquen, EduardoReportes, Boletines e Informes. 2024-09-04Financial Stability Report - First Half of 2023