Published on Friday, April 26, 2024

Colombia | A growing credit portfolio is a thriving economy

Credit expansion has consolidated several months of timid growth and decreases, explained by supply and demand factors. Strengthening the payment capacity of households and companies, in a scenario of accelerating economic activity, will be key to reactivate the demand for credit.

Key points

  • Key points:
  • As of February, the expansion of the loan portfolio continues to be very modest in the housing segment (0.8% real annual rate) and negative in the consumer and commercial segments (-5.1% and -10.6% real annual rate, respectively).
  • Credit is an important tool for leveraging economic activity, allowing individuals to finance their education, purchase housing, among other things, and companies to increase their installed capacity.

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