dc.creator	Office of the Deputy Technical Governor
dc.creator	Vargas-Herrera, Hernando
dc.creator	Office for Monetary Operations and International Investments
dc.creator	Murcia, Andrés
dc.creator	Financial Stability Department
dc.creator	Quicazan-Moreno, Carlos Andrés
dc.creator	Liquidity Support and Risk Control Section
dc.creator	Cardozo-Alvarado, Nathali
dc.creator	Systemic Risk Surveillance Section
dc.creator	Cabrera-Rodríguez, Wilmar Alexander
dc.creator	Cely, Jorge
dc.creator	Chipatecua, Orlando
dc.creator	Clavijo-Ramírez, Felipe
dc.creator	Cuesta, Diego
dc.creator	Escobar, Mariana
dc.creator	Gómez-Molina, Andrés Camilo
dc.creator	Gualtero-Briceño, Daniela
dc.creator	Mariño-Martínez, Juan Sebastián
dc.creator	Meneses-González, María Fernanda
dc.creator	Lizarazo-Cuellar, Angélica María
dc.creator	Narváez, Alida
dc.creator	Piñeros, Hernán
dc.creator	Pirateque-Niño, Javier Eliecer
dc.creator	Rodríguez-Novoa, Daniela
dc.creator	Sánchez-Quinto, Camilo Eduardo
dc.creator	Sarmiento-Paipilla, Néstor Miguel
dc.creator	Escobar-Villarraga, Mariana
dc.date.created	2023-09-11
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/10694
dc.description.abstract	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. Properly meeting the goal assigned to the Bank by the 1991 Constitution critically depends on preserving financial stability. This is understood to be a general condition in which the financial system evaluates and manages the financial risks in a way that facilitates the suitable performance of the economy and efficient allocation of resources while, at the same time, it is able to absorb, dissipate, and mitigate the appearance of risks that may arise as a result of adverse events. This Financial Stability Report meets the goal of giving Banco de la República’s diagnosis of the financial system’s and its debtors’ recent performance as well as of the main risks and vulnerabilities that could affect the stability of the Colombian economy. The Report is intended to inform the public and the participants in the financial markets about the trends and risks affecting the system and it also intends to promote public debate on this subject. The results presented here also serve as a basis for the monetary authority to assess the effects and risks of monetary policy at the current situation and to adopt measures under its purview to promote financial stability. The analysis presented in this edition of the Report leads to the conclusion that there has been a strong credit trend in Colombia in the last few months that is consistent with the strength of economic activity. Credit continues to grow (in all its categories and especially in consumer loans) while past-due and risky loans continue to decline for the aggregate portfolio. In general terms, the favorable performance of credit establishments (CIs) in a context of tighter financial conditions and greater volatility in financial markets continues to reflect the soundness and stability of the Colombian financial system. In spite of exhibiting a recent decline, CIs are keeping liquidity and capital adequacy indicators well above the regulatory minimums. Its aggregate profitability, in turn, returned to the levels seen before the pandemic shock and showed a positive performance in financial intermediation activities. With respect to non-bank financial institutions, the recent volatility of the financial markets has led to reductions in their level of assets due to the devaluations in their investment portfolios. This has been reflected mainly in reduced profitability for Trust Companies (TC) and Pension Fund Managers (PFM). In line with the positive performance of economic activity in 2021 and so far in 2022, the rapid surge in household loans in Colombia, especially consumer loans together with the high levels of household debt to disposable income ratio is still considered a source of vulnerability for the stability of the Colombian financial system just as it was in the previous edition of this Report (see section 2.2.2). In addition, given the large current account deficit and the foreign financing needs, the exposure of the Colombian economy and financial institutions to changes in financial conditions persists in a global environment of high uncertainty. In any case, the results presented in this Report indicate that the financial system has shown to be resilient to the materialization of adverse scenarios (see Chapter 3). In compliance with its constitutional objectives and in coordination with the financial system’s security network, Banco de la República will continue to closely monitor the financial stability outlook at this juncture and will make the necessary decisions to ensure the proper functioning of the economy, facilitate the sufficient flow of credit and liquidity resources, and promote the smooth functioning of the payment system. Box 1: Insurance Industry Performance During the Covid-19 Pandemic - Financial Stability Report, Second Half of 2022. Gualtero-Briceño, Daniela and Pirateque-Niño, Javier Eliecer Box 2: Recent Trends in the Financial Position of Households - Financial Stability Report, Second Half of 2022. Gómez-Molina, Andrés Camilo; Mariño-Martínez, Juan Sebastián and Osorio-Rodríguez, Daniel Box 3: A Description of the Foreign Exchange Risk of Real Sector Firms in Colombia in 2021 - Financial Stability Report, Second Half of 2022. Carmona-Duarte, Alvaro; Martinez-Osorio, Adrian and Niño-Cuervo, Jorge Jorge Niño
dc.format.extent	104 páginas: gráficos, tablas
dc.format.mimetype	PDF
dc.language.iso	eng
dc.publisher	Banco de la República de Colombia
dc.relation.ispartof	Reportes, Boletines e Informes
dc.relation.ispartofseries	Reporte de Estabilidad Financiera
dc.relation.isversionof	Financial Stability Report - Second Half of 2022
dc.rights.accessRights	Open Access
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subject	Instituciones financieras
dc.subject	Riesgo
dc.subject	Crédito
dc.subject	Bancos extranjeros
dc.subject	Colombia
dc.title	Financial Stability Report - Second Half of 2022
dc.title.alternative	Reporte de Estabilidad Financiera - II semestre 2022
dc.type	Report
dc.subject.jel	F65 - Economic Impacts of Globalization: Finance
dc.subject.jel	G20 - Financial Institutions and Services: General
dc.subject.jel	G29 - Financial Institutions and Services: Other
dc.audience	Policymakers
dc.audience	Researchers
dc.audience	Students
dc.audience	Teachers
dc.subject.keyword	Financial institutions
dc.subject.keyword	Risk
dc.subject.keyword	Credit
dc.subject.keyword	Foreign banks
dc.subject.keyword	Colombia
dc.subject.lemb	Estabilidad financiera -- Colombia -- 2023 -- Informes
dc.subject.lemb	Banco de la República (Bogotá) -- 2023 - Informes
dc.subject.lemb	Sistema financiero -- Evaluación -- Colombia -- 2023 -- Informes
dc.subject.lemb	Regulación bancaria -- Colombia -- 2023 -- Informes
dc.type.spa	Informe
dc.rights.spa	Acceso abierto
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspa	F65 - Impactos económicos de la globalización: Finanzas
dc.subject.jelspa	G20 - Instituciones y servicios financieros: Generalidades
dc.subject.jelspa	G29 - Instituciones y servicios financieros: Otros
dc.type.hasversion	Published Version
dc.coverage.sucursal	Bogotá
dc.relation.issn	1692 - 4029
dc.relation.issn	1692 - 4029
dc.relation.doi	https://doi.org/10.32468/rept-estab-fin.sem2.eng-2022
dc.rights.Objeto	Objeto de publicación: La obra de mí (nuestra) autoría tiene por objeto ser publicada en el Portal de Investigaciones del Banco de la República e incluirla en el repositorio institucional de esa misma entidad. La obra podrá consistir en documento escrito, audiovisual, audio, gráfico, fotográfico, infográfico, podcasts, etc., y podrá estar en cualquier formato conocido o por conocerse.
dc.rights.Habeas	Datos personales: El(los) autor(es) ha(n) incluido sus datos personales (nombres, correo electrónico, filiación académica, perfil académico, entre otros) en el Portal de Investigaciones o la obra remitida para publicación, y por consiguiente, manifiesta(n) que mediante el diligenciamiento y registro de sus datos personales autoriza(n) al Banco de la República el tratamiento (recolección, almacenamiento, uso, circulación o supresión) de todos los datos suministrados con la finalidad de adelantar la publicación de la obra en el Portal de Investigaciones, dar a conocer su perfil académico y medios de contacto para fines académicos y divulgativos, así como para la construcción de indicadores y estadísticas para el seguimiento y control de las actividades de divulgación del Portal de Investigaciones. Para tal fin, se informa que el tratamiento de los datos personales se realizará de acuerdo con las políticas o lineamientos generales disponibles en http://www.banrep.gov.co/proteccion-datos-personales, en la sección “Protección de Datos Personales - Habeas Data”.
dc.identifier.handle	https://hdl.handle.net/20.500.12134/10694
dc.subject.brtema	8. Sector monetario y financiero
dc.relation.shortdoi	https://doi.org/kszp

Financial Stability Report - Second Half of 2022

Files in this item

This item appears in the following Collection(s)