At this Friday’s meeting held between the Minister of Finance and Public Credit, the general manager of Banco de la República, the financial superintendent and the director of the Guarantee Fund for Financial Institutions – Fogafín, together with the director of the Unit of Financial Regulation – URF, the closing data of the credit establishments in 2021 were analyzed, which show that the indicators in terms of credit, market and liquidity have a satisfactory performance and consistent with the economic reactivation.
(Exports close January with a rise of 44.8%).
Committee members agree that the behavior of the financial system reflects that credit institutions have sufficient levels of solvency and liquidity to continue granting financing to homes and businesses. Likewise, they said that the effects of the volatility of the financial markets are mitigated by the low duration of their investment portfolio.
(Colombia reaches two years of pandemic with pending challenges).
The committee concluded that Colombian banking has weathered the pandemic remarkably well and the financial system remains solid. The support measures that were introduced in 2020 to help debtors during the pandemic have been successfully reversed, and their effects are now fully revealed in the balance sheets of credit institutions.
BRIEFCASE
