The Financial System Risk Perception Survey, which seeks to identify the perspective of different agents in the economy regarding the most important risks and vulnerabilities facing the financial sector, showed that as of June, financial institutions stated that the deterioration in the quality of the portfolio is the most relevant risk in terms of the stability of the system in the next 24 months.
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However, this concern shows less participation between the responses with respect to previous periods.
According to survey participants, the deterioration of Colombia’s economic outlook remains the risk most likely to occur.
On the other hand, the participating entities pointed out that the risks that would have the greatest potential impact on the performance of the financial system, if they were to materialize, continue to be the deterioration of Colombia’s economic outlook and the materialization of credit risk.
When asked about the level of confidence that participants have regarding the stability of the financial system in the next twenty-four months, as in previous editions of the survey, most entities indicated that they maintain a high level of confidence.
The Colombian central bank said that the confidence indicator in The financial system showed relative stability in the last six months and was at levels similar to the average of recent years.
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Colombian economy
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Agrees with the REF
The issuer said that the results of this edition of the survey are consistent with the main messages contained in the Financial Stability Report for the first half of the year.
In the survey, concern about the deterioration of portfolio quality continues to be identified as one of the most relevant risks, consistent with what is outlined in the Financial Stability Report, where the materialization of credit risk It was identified as one of the main vulnerabilities, in a scenario of high levels of household debt, slightly declining (although persistent) inflation and a relaxation of financial conditions compared to those observed a year ago.
Survey participants also expressed concern about the performance and stability of local economic activity, which was ranked fifth six months ago.
In this edition of the survey, Some of the most relevant concerns todaysuch as political uncertainty (third most important risk), interest rates, inflation levels and system profitability, have shown a lower incidence compared to previous periods.
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HOLMAN RODRIGUEZ MARTINEZ
Briefcase
