The money superintendent, Jorge Castaño, introduced on the event of the set up of the 56th version of the Banking Convention a sequence of 3 warning steps to stay away from deterioration, specified the solid credit dynamicsjust as he and Banco de la República manager Leonardo Villar reported he could be presented in the long term.
(The results of the reform on the monetary method, according to Asobancaria).
The superfinancer said customer loans were also acknowledged for 10-year conditions, when the profile of these obligations need to not correspond to these timeswhich makes debtors pay out far more desire charges.
In this regard, he added that the Colombian debtor was not built informed that the Banco de la República had to elevate desire prices to check out to handle inflation, as what interests him is the duration of the bond. .
The 2nd observe introduced by Castaño is that in conditions of credit card quotas, at the second they are at $ 96 billion when in the pre-pandemic they have been $ 62 billion.
(“Open up banking”, further than knowledge sharing).
The 3rd position is that new lending is deteriorating far more promptly in contrast to identical claims they have been hit on other occasions, even just before the pandemic.
He confident that the position is the about-indebtedness that people make on these shares. “The economical burden on families has commenced to improve. The share that families use to pay back is expanding and inflation is extra to this, ”she reported.
he warned him Colombians will have to be even handed in credits and not lengthen them to also long phrases.
He assured that the share of what homes allotted from their revenue just before the pandemic to pay back off money owed was 26% or 27% and that at this time the determine is involving 32% and 33%, which is why he deemed it is necessary to prevent the increase in the default portfolio.
(How the digital currency proposed by the Govt would be used).
solid development
This calendar year, the expansion price of the personal loan portfolio is 12%, with no inflation, that is, a gross expansion of 22%, when it is regular for it to expand by 8%, the superfinancer claimed.
“We have to get ready the monetary technique to deal with a achievable deterioration of the portfolio in 2023”, he certain.
He stated that while the institution does not want to slow the boost in credit mainly because it generates financial expansion, it attempts to warn that there are prudential restrictions.
And for this he introduced that he could use a method of provisions in unused portions of the portfolio to “cut down the temptation to borrow”And also deliver a message to the entities assuming credit history moderation.
For his part, Hernando José Gómez, president of Asobancaria, considered that credit expansion will slow down in the second fifty percent and their clear signal is the increase in the indicative amount of Banco de la República, which in much less than a yr has passed from 1.75% to 9%, “telling banking institutions to average credit history development”.
In convert, Mario Pardo, chairman of the board of administrators of Asobancaria and chairman of BBVA Colombia, certain that the major obstacle that banking institutions experience is to add to the elimination of social inequalities in the state and that the way to do it is hand in hand with the lender.
He also defined that it is the responsibility of all people and the money sector to make a sustainable potential in which decarbonisation is the most important target for rising economies.
He claimed Colombia should not wait to ask for assist from the global group to start its electricity changeover jobs in accordance with the global local climate improve agenda.
New payment method
Banco de la República supervisor Leonardo Villar claimed the entity is working to facilitate the conditions for Colombia to have an rapid payment process for the greater part of the populace and which is encouraged by the Pix payment procedure, which in Brazil lets 70% of the grownup inhabitants to make payments interoperably with other methods right away.
Villar stated so macroeconomic circumstances changed rapidly and “we are no extended in crisis, but in the midst of a desire increase that demands to be moderated” making use of the fascination rate device.
He reported cross-border payments will need to be predicted and then look into the likelihood of adopting a central bank electronic forex in Colombia.
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