Reporte de Estabilidad Financiera - Septiembre de 2007

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Reporte de Estabilidad Financiera - Septiembre de 2007.

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Gerencia Técnica; Vargas-Herrera, Hernando; Subgerencia Monetaria y de Reservas; Tolosa-Buitrago, José; Departamento de Estabilidad Financiera; Estrada, Dairo Ayiber; Gómez-González, Esteban; Gómez-González, José Eduardo; González-Arbelaéz, Angela; Martínez, Oscar; Mondragón, Linda; Morales-Acevedo, Paola; Murcia, Andrés; Osorio, Daniel; Uribe-Gil, Jorge Mario; Pineda-García, Fernando; Zamudio-Gómez, Nancy Eugenia Show More Hide
Banco de la República de Colombia
Bancos; Crédito; Indicadores financieros; Economía doméstica; Colombia; F65 - Economic Impacts of Globalization: Finance; G20 - Financial Institutions and Services: General; G29 - Financial Institutions and Services: Other; Banks; Credit; Financial indicators; Home economics; Estabilidad financiera -- Colombia -- 2007 -- Informes; Banco de la República (Bogotá) -- 2007 -- Informes; Política monetaria -- Colombia -- 2007 -- Informes; Instituciones financieras -- Colombia -- 2007 -- Informes; F65 - Impactos económicos de la globalización: Finanzas; G20 - Instituciones y servicios financieros: Generalidades; G29 - Instituciones y servicios financieros: Otros
report description
Favorable conditions for increased activity in financial system continued during the first half of 2007. However, during the second quarter, the combined impact of different macroeconomic elements caused that expansion to ease somewhat. The trends in several variables suggest this slowdown will continue, which could spell less relative exposure for financial institutions and the emergence of certain risks. This underscores the necessity of continuously monitoring the more important trends that materialize in this new scenario. In June, financial institutions registered considerable real growth in the loan portfolio (22.6%). All types of credit contributed to that increase: retail (36.9%), micro-credit (19.9%), commercial loans (17.3%) and mortgages (12.4%, with securitizations). The latter were especially dynamic during the second quarter. Although these growth rates are lofty, they have been falling since early April, when they were the highest of this decade, with the exception of mortgage loans. The slowdown in loan portfolio growth is due to the monetary policy being implemented since April 2006, which included the increase in Banco de la República’s intervention rates, the new ordinary and marginal reserve requirements, and the new provisioning system ruled by the National Office of the Superintendent of Financial Institutions.