Reporte de Estabilidad Financiera - Marzo de 2007

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Reportes, Boletines e Informes

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Gerencia Técnica; Vargas-Herrera, Hernando; Subgerencia Monetaria y de Reservas; Tolosa-Buitrago, José; Departamento de Estabilidad Financiera; Estrada, Dairo Ayiber; Amaya, Carlos Andrés; Gómez-González, Esteban; González-Uribe, Juanita; Martínez-Amaya, Óscar Gonzalo; Mondragón, Linda; Murcia, Andrés; Orozco-Hinojosa, Inés Paola; Osorio, Daniel; Zamudio-Gómez, Nancy Eugenia Show More Hide
Banco de la República de Colombia
Bancos; Fondos de pensiones; Sistema financiero; Estabilidad financiera; Colombia; F65 - Economic Impacts of Globalization: Finance; G20 - Financial Institutions and Services: General; G29 - Financial Institutions and Services: Other; Banks; Pension funds; Financial system; Financial stability; Estabilidad financiera -- Colombia -- 2007 -- Informes; Banco de la República (Bogotá) -- 2007 -- Informes; Indicadores financieros -- Colombia -- 2007 -- Informes; Riesgo (Economía) -- Colombia -- 2007 -- Informes; F65 - Impactos económicos de la globalización: Finanzas; G20 - Instituciones y servicios financieros: Generalidades; G29 - Instituciones y servicios financieros: Otros
report description
In general, 2006 was a positive year for financial stability, as was the case in recent years. However, deterioration in the quality of consumer loans and the highly concentrated nature of the portfolio held by non-bank financial institutions (NBFI) required an additional effort to arrive at a more rigorous measure of the risks to the financial system. In the case of credit institutions, the year was characterized by two opposite trends. On the one hand, traditional intermediation activities increased dramatically, due to the performance of the Colombian economy. On the other hand, the price volatility of domestic financial assets had a negative impact on investment trading (mostly in domestic government bonds). This led institutions to rearrange the composition of their assets in favor of loans (despite the adjustment in prices on tradable investments during the second half of the year). Consequently, the loan portfolio, as a portion of total assets, rose from 50% in December 2005 to 58% in December 2006, while the proportion corresponding to investments (62% in domestic public debt securities) declined from 32% to 24%.