The financial burden of debtors, a priority mechanism that is measured for supervision, has been accelerating throughout this year, which implies a greater vulnerability of consumers to fluctuations in their income, said the financial superintendent, Jorge Castaño in the Anif assembly.
The measurement, carried out by the Financial Superintendence, is calculated with information from the supervised entities and the base contribution income of the social security system.
The presentation of the superfinancier says that the average financial burden of the first fifth (quintile) of income is 20.2% higher to that of the highest income quintile.
Castaño said that at the end of September there was real growth of 5.1% in the portfolio to $648.9 billion.
(Read: Soat problems will be accentuated with a subsidy announced by the Government).
assured that the quality indicator for default of 3.7% shows adequate payment habits.
Likewise, 63.8% of the retained earnings of credit establishments allows strengthening the capital of the entities.
The official stressed that it is take advantage of early warning signs for financial burden key and debt distress and promote sound practices in loan disbursements and creditworthiness assessment, among other topics.
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