dc.audience	Policymakers	eng
dc.audience	Researchers	eng
dc.audience	Students	eng
dc.audience	Teachers	eng
dc.coverage.sucursal	Bogotá	spa
dc.creator	Office of the Deputy Technical Governor
dc.creator	Vargas-Herrera, Hernando
dc.creator	Office for Monetary Operations and International Investments
dc.creator	Cardozo-Ortiz, Pamela
dc.creator	Financial Stability Department
dc.creator	Osorio-Rodríguez, Daniel Esteban
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	Gamba-Santamaría, Santiago
dc.creator	Gómez-Molina, Andrés Camilo
dc.creator	Gualtero-Briceño, Daniela
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	Rodriguez-Novoa, Daniela
dc.creator	Sánchez-Quinto, Camilo Eduardo
dc.creator	Sarmiento-Paipilla, Nestor Miguel
dc.creator	Segovia-Baquero, Santiago David
dc.date.accessioned	2023-09-25T13:56:45Z	spa
dc.date.available	2023-09-25T13:56:45Z	spa
dc.date.created	2023-09-25	spa
dc.description.abstract	Banco de la República’s main objective 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 economy’s performance and efficient allocation of resources while, at the same time, it is able to, on its own, absorb, dissipate, and mitigate the appearance of risks that may arise as a result of adverse events. This Financial Stability Report provides Banco de la República’s diagnosis of the financial system’s and the recent performance of its debtors as well as of the main risks and vulnerabilities that could affect the stability of the Colombian economy. That is why the financial market participants and the public are being informed, and public debate on trends and risks affecting the system is being encouraged. The results presented here also serve the monetary authority as a basis for making decisions that will enhance financial stability in the general context of its objectives. This edition marks the twentieth anniversary of the Financial Stability Report, which was first published in July 2002. Over these past twenty years, the credit and macroprudential policy framework in Colombia has been continuously reinforced while financial regulation and supervision have closely followed international standards. As a result the Colombian financial system has expanded its services to the economy and has weathered diverse economic circumstances while remaining sound and stable, since 2002. Over the course of time, the Financial Stability Report has been and continues to be permanently updated by Banco de la República in order to improve its usefulness to the general public. The analysis presented in this Report allows us to conclude that the recovery of lending activity in Colombia has been consolidated in recent months. Credit (in all its categories) has picked up and the decline in past-due and risky loans continues. The capital adequacy and liquidity indicators of credit institutions are comfortably above the regulatory minimums. The performance of credit institutions and nonbanking financial institutions, in a context of increased market volatility, reflects the soundness and stability of the Colombian financial system. At the same time, the combination of various global events and the recent trend in lending poses some vulnerabilities for the stability of the financial system. First, as mentioned in the previous edition of the Report, the exposure of the Colombian economy and financial institutions to sudden changes in global financial conditions has persisted in recent months in an environment of high uncertainty. Second, recent months have seen a rapid expansion of loans to households in Colombia in both the housing category and, especially, the consumer category. The trend in credit growth could eventually cause fragilities given that the ratio of household indebtedness to disposable income is around its historical maximum. In any case, the results presented in this Report indicate that the financial system has shown itself to be sufficiently resilient to adverse scenarios on both vulnerability fronts. 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 outlook for financial stability at this juncture and will make the decisions that are necessary to ensure the proper functioning of the economy, facilitate the flow of sufficient credit and liquidity resources, and further the smooth functioning of the payment system. Leonardo Villar Gómez, Governor	eng
dc.format.extent	81 páginas : gráficas, tablas	spa
dc.format.mimetype	PDF	spa
dc.identifier.handle	https://hdl.handle.net/20.500.12134/10698	spa
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/10698	spa
dc.language.iso	eng	eng
dc.publisher	Banco de la República de Colombia	spa
dc.relation.doi	https://doi.org/10.32468/rept-estab-fin.sem1.eng-2022	spa
dc.relation.ispartof	Reportes, Boletines e Informes	spa
dc.relation.ispartofseries	Reporte de Estabilidad Financiera	spa
dc.relation.issn	1692 - 4029	spa
dc.relation.isversionof	Financial Stability Report - First Half 2022	eng
dc.relation.number	FER - Fist Half 2022	eng
dc.relation.portal	https://www.banrep.gov.co/en/publications-research/financial-stability-reports/first-half-2022	spa
dc.relation.shortdoi	https://doi.org/kvmc	spa
dc.rights.Habeas	Datos personales: El(los) autor(es) ha(n) incluido sus datos personales (nombres, correo electrónico, cargo, entre otros) en el Reporte, informe o boletín 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 del documento en el Repositorio Institucional, dar a conocer su medio 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 del Banco de la República. 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”.	spa
dc.rights.Objeto	Objeto de publicación: La obra de mí (nuestra) autoría tiene por objeto ser publicada en el Portal 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.	spa
dc.rights.accessRights	Open Access	eng
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0	spa
dc.rights.spa	Acceso abierto	spa
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/	eng
dc.subject	Instituciones financieras	spa
dc.subject	Riesgo	spa
dc.subject	Crédito	spa
dc.subject	Bancos extranjeros	spa
dc.subject	Colombia	spa
dc.subject.brtema	8. Sector monetario y financiero	spa
dc.subject.jel	F65 - Economic Impacts of Globalization: Finance	eng
dc.subject.jel	G20 - Financial Institutions and Services: General	eng
dc.subject.jel	G29 - Financial Institutions and Services: Other	eng
dc.subject.jelspa	F65 - Impactos económicos de la globalización: Finanzas	spa
dc.subject.jelspa	G20 - Instituciones y servicios financieros: Generalidades	spa
dc.subject.jelspa	G29 - Instituciones y servicios financieros: Otros	spa
dc.subject.keyword	Financial institutions	eng
dc.subject.keyword	Risk	eng
dc.subject.keyword	Credit	eng
dc.subject.keyword	Foreign banks	eng
dc.subject.keyword	Colombia	eng
dc.subject.lemb	Estabilidad financiera -- Colombia -- 2022 -- Informes	spa
dc.subject.lemb	Banco de la República (Bogotá) -- 2022 - Informes	spa
dc.subject.lemb	Sistema financiero -- Evaluación -- Colombia -- 2022 -- Informes	spa
dc.subject.lemb	Regulación bancaria -- Colombia -- 2022 -- Informes	spa
dc.title	Financial Stability Report - First Half of 2022	eng
dc.title.alternative	Reporte de Estabilidad Financiera - I semestre 2022	spa
dc.type	Report	eng
dc.type.hasversion	Published Version	eng
dc.type.spa	Informe	spa

Financial Stability Report - First Half of 2022

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