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	Murcia-Pabón, Andrés
dc.creator	Financial Stability Department
dc.creator	Quicazán-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-Fernández, Jorge Humberto
dc.creator	Chipatecua-Peralta, Orlando
dc.creator	Clavijo-Ramírez, Felipe
dc.creator	Cuesta-Mora, Diego Fernando
dc.creator	Escobar-Villarraga, Mariana
dc.creator	Gómez-Molina, Andrés Camilo
dc.creator	Gualtero-Briceño, Daniela
dc.creator	Mariño-Montaña, Juan Sebastián
dc.creator	Meneses-González, María Fernanda
dc.creator	Lizarazo-Cuellar, Angélica María
dc.creator	Narváez, Alida
dc.creator	Piñeros-Gordo, José Hernán
dc.creator	Pirateque-Niño, Javier Eliecer
dc.creator	Rodríguez-Novoa, Daniela
dc.creator	Sánchez-Quinto, Camilo Eduardo
dc.creator	Sarmiento-Paipilla, Nestor Miguel
dc.creator	Escobar-Villarraga, Mariana
dc.date.accessioned	2023-09-11T15:51:09Z	spa
dc.date.available	2023-09-11T15:51:09Z	spa
dc.date.created	2023-09-11	spa
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	eng
dc.format.extent	104 páginas: gráficos, tablas	spa
dc.format.mimetype	PDF	spa
dc.identifier.handle	https://hdl.handle.net/20.500.12134/10694	spa
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/10694	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.sem2.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.issn	1692 - 4029	spa
dc.relation.isversionof	Financial Stability Report - Second Half of 2022	eng
dc.relation.number	FSR - II Half 2022	spa
dc.relation.shortdoi	https://doi.org/kszp	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 -- 2023 -- Informes	spa
dc.subject.lemb	Banco de la República (Bogotá) -- 2023 - Informes	spa
dc.subject.lemb	Sistema financiero -- Evaluación -- Colombia -- 2023 -- Informes	spa
dc.subject.lemb	Regulación bancaria -- Colombia -- 2023 -- Informes	spa
dc.title	Financial Stability Report - Second Half of 2022	eng
dc.title.alternative	Reporte de Estabilidad Financiera - II semestre 2022	spa
dc.type	Report	eng
dc.type.hasversion	Published Version	eng
dc.type.spa	Informe	spa

Financial Stability Report - Second Half of 2022

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